Bank Of Canada Interest Rate July 2024

Bank Of Canada Interest Rate July 2024. A history of the key interest rate July 24, 2024 bank of canada rate announcement another september rate cut is likely now, all eyes are on the boc’s next rate announcement on september 4th, and whether it will.

In a significant move, the bank of canada announced today that it has cut its key interest rate by 25 basis points, bringing it down to 4.5%. The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.