Projected Interest Rates 2024 Canada Border. This latest decrease brings the central bank’s rate—which sets the benchmark for canada’s prime rate and variable. The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.
A range of predictions from the big 6 banks in canada so far indicate. While boc estimates the neutral real.