Bank Of Canada Interest Rate Cuts 2024. The cut, which was expected by a majority of economists in a bloomberg survey, is the first since 2020. August 23, 2024 at 4:45 pm edt.
It’s the central bank’s second decrease since june, when it kicked off its. The global economy grew by about 3% in the first quarter of 2024, broadly in line with the bank’s april monetary policy report (mpr) projection.