Rate Cuts 2024 Canada Government
Rate Cuts 2024 Canada Government. The bank is continuing its policy of balance sheet normalization. On september 6, 2024, the bank of canada cuts its overnight lending rate for the third consecutive time, to 4.25%.
Bank of canada governor tiff macklem says there was a ‘strong consensus’ for cutting the bank’s key policy rate by 25 basis points to 4.25% โ but, he said, if. Federal reserve cuts rates by 50 basis points.