Interest Rate Cuts 2024 Canada Forecast. The us central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. Federal reserve cuts rates by 50 basis points.
Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. The bank of canada appears set to add to the pair of interest rate cuts itโs made so far in 2024.