Bank Of Canada Interest Rate Forecast 2024 Nfl. The bank of canada today reduced its target for the overnight rate to 3¼%, with the bank rate at 3½% and the deposit rate at 3¼%. The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report.
The bank of canada is likely to make a jumbo cut to interest rates, acknowledging that borrowing costs should fall more quickly as inflation wanes and economic growth stagnates. Read about the path of interest rates over the coming years and use wowa’s mortgage rate forecast to minimize your mortgage interest payment.