Bank Of Canada Rate Cut September 2024. — the bank of canada lowered its key interest rate by 25 basis points on wednesday, simultaneously opening the door to bigger cuts if the economy slows more. In june, the bank dropped the interest rate from a longstanding 5%.
— 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. Ted mallett, director of economic forecasting at conference board of canada, joins bnn bloomberg and talks about.
