Rate Cuts 2024 Canada Government. Economists see policy rate at 4.25% or 4% by december; The bank is continuing its.

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%. The bank of canada is widely expected to deliver a third consecutive interest rate cut on wednesday as inflationary forces continue to cool on both sides of the.