Bank Of Canada Rate Announcement June 2024. 2024 • last updated 13 hours ago • 2 minute read. The bank of canada today reduced its target for the overnight rate to 3¼%, with the bank rate at 3½% and the deposit rate at 3¼%.


Bank Of Canada Rate Announcement June 2024

The bank of canada today reduced its target for the overnight rate to 3.25 per cent, with the bank rate at 3.75 per cent and the deposit rate at 3.25 per cent. In its final major cut of the year, the bank of canada has lowered the policy interest rate from 3.75 per cent to 3.25 per cent.

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