Bank Of Canada Interest Rate Forecast 2024. The canadian dollar is assumed to remain at 73 cents us over the projection horizon, as in the july report. By convention, the bank does not forecast the exchange rate in the monetary policy report.
At the heart of the bank of canada’s monetary policy is the target for the overnight rate. Looking ahead, the bank of canada may reduce its policy interest rate to 3.75% by the end of 2024, with further cuts potentially bringing it down to 2.75% by the close of 2025.
Bank Of Canada Interest Rate Forecast 2024 Images References :