Bank Of Canada Rate Cuts 2024. 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. The bank of canada lowered its key interest rate by 25 basis points on wednesday, simultaneously opening the door to bigger cuts if the economy slows more.

Boc cuts key interest rate by 25 basis points to 4.5%; With gdp contracting and the jobless rate ticking higher, economists who watch the central bank expect the bank will start to cut its rate sometime in 2024.