Will Fed Cut Rates In 2024 Canada. Economists are also forecasting faster and deeper cuts to borrowing costs over the next year, and see the central bank reducing the policy rate from the current. The bank of canada is continuing to cut its benchmark interest rate, lowering the cost of borrowing as inflation increasingly looks to be under control.
Forecasters largely anticipate the federal open market committee will reduce rates by a quarter point to a range of 5% to 5.25%, though economists at. Members of the bank of canada’s governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier.