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Placeline/People

City Ottawa

State Province Ontario

Country Canada

Bank of Canada delivers jumbo interest rate cut, signals slower pace of cuts moving forward

The Bank of Canada lowered its key interest rate by half a percentage point but signalled a slower pace of rate cuts moving forward. The decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25 per cent. (Dec. 11, 2024)

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Unique identifier: CP173672188

Legacy Identifier: n_BoC-Interest-Rate20241211T1515

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Create Date: 12/11/2024 3:15:00 PM

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