Kial Selina

Rate Cuts 2024 Canada News. Officials at the central bank signalled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained surprisingly high at. The bank is continuing its policy of balance sheet normalization.

The bank of canada maintained its key interest rate at five per cent on wednesday amid recent declines in the annual rate of inflation. Economists are also forecasting faster and deeper cuts to borrowing costs over the next year, and see the central bank reducing the policy rate from the current.