Bank of Canada – Key Interest rate Projections
The Bank of Canada (BoC) key interest rate is now at 4.5%, the highest it has been in fifteen years. Further increases are on hold for now. According to a BoC quarterly survey of “market participants” none said that rates would go higher this year. Some thought rates could fall by 0.75% by December 2023. Most participants think rates will be 3.0% by December 2024.