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  1. Sep 4, 2024 · As Anne Gaviola reports, the third consecutive rate cut was widely expected by economists and brings the central bank’s benchmark interest rate to 4.25 per cent – Sep 4, 2024. The Bank of ...

  2. Sep 12, 2024 · The Bank of Canada started reducing the benchmark overnight rate in June, and has since lowered it by 25 basis points at its July and September meetings, bringing the rate to 4.25% from 5% at the peak of the hiking cycle. Last week, Macklem reiterated that officials could cut rates by 50 basis points or more if inflation and the economy slowed ...

  3. 1 day ago · Two-thirds of economists, 19 of 29, in a Oct. 15-17 Reuters poll forecast the Bank would cut rates by one half-percentage point to 3.75%. One expected a 50 basis point cut in an August survey.

  4. Jul 24, 2024 · Ottawa, Ontario. July 24, 2024. 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 is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual rate of about 3% through 2026.

  5. Sep 4, 2024 · Ottawa, Ontario. September 4, 2024. The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank’s ...

  6. In his opening remarks on Wednesday, governor Tiff Macklem said the central bank’s decision to bring its key lending rate down to 4.25 per cent was motivated once again by continued progress on inflation and the need for growth to pick up again. Text of the Bank of Canada’s decision to cut its key interest rate target.

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  8. Jul 27, 2023 · The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.

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