Bank Of Canada Interest Rate Cut 2024 Canada. The bank of canada has lowered its key interest rate by 25 basis points to 4.25 per cent. Policymakers led by governor tiff.

The bank of canada (boc)—the central bank that sets the nation’s cost of borrowing—lowered its benchmark rate in its june 5 announcement by a quarter of a. Expectations for how quickly the bank of canada could cut interest rates have been accelerating in recent months.