Will Interest Rates Be Cut In 2024 Canada

Will Interest Rates Be Cut In 2024 Canada. Canada's annual inflation rate cooled to 2.8 per cent in february, beating many economists' expectations and raising hopes the bank of canada will soon start. Between march 2022 and july 2023, the bank of canada raised interest rates 10 times.

Forecasters are expecting rate cuts from the bank of canada in 2024, but there are risks to the inflation outlook that could put that timeline in jeopardy. The bank of canada lowered its policy rate to 4.75 per cent on wednesday, having held it at 5 per cent since july last year.