Bank of Canada - Interest Rate Announcement
- Sameer Nagpal
- Sep 4, 2024
- 1 min read
As expected, BOC reduced the interest rate for the 3rd time this year by .25% bringing the base rate to 4.25%. The global economy is stable for the moment and inflation in Canada was recorded at 2.5% in July.
Bank's prime rate now stands at 6.45%, this is good for all Variable Interest rates and Credit line products.
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