Will The Fed Cut Interest Rates In 2024 Canada. Economists add that in a break from the usual pattern, the bank of canada is ahead of the us federal reserve when it comes to interest rate cuts. Economists are also forecasting faster and deeper cuts to borrowing costs over the next year, and see the central bank reducing the policy rate from the current 4.5.
Analysts expect cuts before christmas. Canada’s central bank has cut its main interest rate, making it the first g7 nation to loosen monetary policy in the current cycle.