Bank Of Canada Interest Rate Cuts 2024. — the bank of canada cut its key interest rate to 4.5 per cent on wednesday, with governor tiff macklem saying during a news conference that it would be reasonable. This latest decrease brings the central bank’s rate—which sets the benchmark for canada’s prime rate and variable.
— 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% — but, he said, if. — the bank of canada cut its benchmark interest rate by a quarter of a percentage point on wednesday as the head of the central bank suggests the rate will.
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