Interest Rate Cuts 2024 Canada. The bank of canada lowered its key interest rate by 25 basis points on wednesday, simultaneously opening the door to bigger cuts if the economy slows more sharply in the months ahead. In its third consecutive cut since june, the bank of canada lowered its key interest rate to 4.25 per cent on wednesday, citing the continued easing of inflation.
The bank of canada on wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said more reductions in. The lender expects the central bank to end the easing cycle next june with a policy rate of 2.25%.