The Bank of Canada is expected to decrease interest rates in April or June.

By: 600011 On: Dec 27, 2023, 1:23 PM


In order to keep inflation under control, the Bank of Canada has hiked interest rates ten times in the last 20 months. Everyone is waiting to see if the Bank of England will lower interest rates in 2024. Financial markets anticipate at least 1% growth in April or June. Interest rates are expected to fall by more than one percentage point by the end of 2024.After retaining the Bank of Canada's key overnight lending rate at 5% in early December, Governor Tiff McClem indicated now was not the time to lower rates. The bank's two percent goal must be accomplished.