Interest Rates Canada Forecast 2024. Here’s what experts predict for mortgage rates in the remainder of 2024: But they also help boost savings account interest rates, allowing you to earn a bigger return on.
The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. Dawn desjardins, senior economist at deloitte canada, talks with financial post’s larysa harapyn about what the latest inflation data means to the bank of canada.
Here’s What Experts Predict For Mortgage Rates In The Remainder Of 2024:
On june 5th, the bank of canada announced a rate cut, bringing the interest rate to 4.75%.
The Bank Of Canada Cut Its Key Interest Rate By 25Bps To 4.75% In Its June 2024 Meeting, As Expected, And Signaled That More Rate Cuts Are To Be Delivered.
What is the mortgage interest rate forecast for 2024 in canada?
The bank of canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market.
Here’s What Experts Predict For Mortgage Rates In The Remainder Of 2024:
The market consensus on the mortgage interest rate forecast in canada is for the central bank to cut rates by 0.25% from 4.75% to 4.50% at their july 2024 meeting.