Bank Of Canada Rate Cuts 2024. The bank of canada will cut its overnight interest rate on wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall, according to a. Cibc and td bank are also calling for interest rate cuts at each of the remaining meetings this year, bringing the central bank’s benchmark interest rate down.
Orlando said that the prospect of. Bank of canada cuts target interest rate by 0.25% in july 2024 announcement.