Prime Rate Today 2024 In Canada 2024. The bank of canada publishes the dates for its interest rate decisions and other major publications in 2024. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.
As of september 10, 2024, rbc’s prime rate is currently 6.45%. The boc lowered its overnight lending rate to 4.5% in july 2024, the second cut in two months, and signalled more to come.
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