Will Interest Rates Go Down In 2024 Canada

Will Interest Rates Go Down In 2024 Canada. The bank of canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, tiff. 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.

The bank of canada delivered good news to canadian borrowers for the third straight time, trimming interest rates again by 25 bps. Fixed mortgage rates are steered by the canadian bond market and (eventually) follow the movements in bond yields up or down.