Interest Rates Canada Forecast 2024 . As for the mortgage rate forecast, as of now, the variable rate is expected to gradually fall from 6.6% in the first quarter of 2024 to 6.45% in the second quarter of 2024. Next wednesday, the bank of canada will announce its decision on interest rates.
โ 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 4.5. โ the bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report.
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