Bank Of Canada Rate Cut July 24 2024

Bank Of Canada Rate Cut July 24 2024. The central bank lowered its policy rate by a quarter of a percentage point on july 24, 2024, as inflation cools and the economy shows signs of weakness. Find out how the rate cut affects mortgages,.


Bank Of Canada Rate Cut July 24 2024

The bank of canada cut interest rates on july 24, reducing its key policy rate to 4.50%. The bank of canada lowered its overnight rate by 25 basis points in july 2024, citing global and domestic economic slack and easing inflationary pressures.

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