Rate Cuts 2024 Canada In India. The bank is continuing its policy of balance sheet normalization. A favorable turn in inflation trends, moving closer to the 2% target, is allowing central banks to ease policy, with interest rate cuts anticipated in 2024.

The bank of canada has trimmed its key policy rate by 25 basis points for the second month in a row, bringing it down to 4.5 percent, and said more cuts were likely if. The bank of canada cut its key interest rate to 4.5 per cent on wednesday, with governor tiff macklem saying during a news conference that it would be reasonable to expect.