Bank Of Canada Interest Rate Prediction 2024 In. This shift aims to counteract inflation rates, which, while declining, have been. Changes in the bank of canada (boc) policy rate and canada’s prime rate as implied by the forward contracts on canadian overnight repo rate average (corra) as of december 11, 2024.
The bank of canada held its key interest rate at five per cent, however it warned that it’s still worried about the risk of inflation. By convention, the bank does not forecast the exchange rate in the monetary policy report.