When 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. The bank of canada has cut its policy interest rate for a third consecutive time.

The next scheduled date for announcing the overnight rate target is september 4, 2024. The bank of canada on wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said more reductions in borrowing costs.