Rate Cuts 2024 Canada Uk. Trims 2024 gdp forecast to 1.2% from 1.5%; 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’s key interest rate fell by 25 basis points on wednesday, a move that will immediately be felt by canadians with variable rates of debt. That follows canada’s decision on wednesday to.