Canada Bank Interest Rates 2024. The policy rate is 4.75%, while the last inflation reading for april 2024 was 2.7%. A crucial inflation reading on july 16 and the bank of canada’s own business outlook survey will still.
After a prolonged era of historically low rates, the bank of canada (boc) has embarked on a tightening cycle to combat inflation. The monthly series have been discontinued.
Governor Tiff Macklem Talks About How The Labour Market Has Adjusted To Higher Interest Rates And Slower Economic Growth.
The canadian labor market unexpectedly lost jobs for the second time in four months, keeping the central bank on track to further cut rates this year.
Bank Of Canada Holds Key Interest Rate At 5% In Third Update Of 2024.
This suggests a real rate of 2.3%.
Canada Bank Interest Rates 2024 Images References :
But Where Will Rates Go From Here?
Let's delve into the forecast for the next five years, unpacking the factors at play and exploring potential scenarios.
The Bank Will Also Publish Its Quarterly Monetary Policy Report (Mpr) At The Same Time As The Rate Decision.