Bank Of Canada Interest Rate Cuts 2024. With their announcement on september 4, 2024, the bank of canada (boc) cut the key interest rate by another 25 basis points to 4.25%, the lowest it has been since may 2023. The bank of canada today reduced its target for the overnight rate to 4.75 per cent, with the bank rate at 5.


Bank Of Canada Interest Rate Cuts 2024

With their announcement on september 4, 2024, the bank of canada (boc) cut the key interest rate by another 25 basis points to 4.25%, the lowest it has been since may 2023. Hereโ€™s the bank of canadaโ€™s official statement for its rate decision:

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