Boc Interest Rates Forecast 2024. Cibc is predicting that the bank of canada (boc) could introduce jumbo rate cuts as early as december, potentially slashing interest rates by 50 basis points at a. On september 4th, the bank of canada announced a rate cut, bringing the interest rate to 4.25%.
What is the mortgage interest rate forecast for 2024 in canada? On wednesday, march 6, the bank of canada will announce its decision on interest rates.