Bank Of Canada Interest Rate Cuts 2024 India

Bank Of Canada Interest Rate Cuts 2024 India. 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. Boc cuts key interest rate by 25 basis points to 4.5%;

Economists see the bank of canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady downward. In its third consecutive cut since june, the bank of canada lowered its key interest rate to 4.25 per cent on wednesday, citing the continued easing of inflation.