Bank Of Canada Rate Cuts 2024. Bank of canada cuts target interest rate by 0.25% in july 2024 announcement. The bank of canada cut its benchmark interest rate by 0.25% to 4.75% in its june 5, 2024 announcement.


Bank Of Canada Rate Cuts 2024

The bank of canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. The bank of canada today reduced its target for the overnight rate to 4½%, with the bank rate at 4¾% and the deposit rate at 4½%.

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