Rate Cuts 2024 Canada 2024. With gdp contracting and the jobless rate ticking higher, economists who watch the central bank expect the bank will start to cut its rate sometime in 2024. Trims 2024 gdp forecast to 1.2% from 1.5%;


Rate Cuts 2024 Canada 2024

All interest rate announcements will take place at 10:00 (et), and the monetary policy report will be published concurrently with the january, april, july and october rate announcements. On september 6, 2024, the bank of canada cuts its overnight lending rate for the third consecutive time, to 4.25%.

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