Interest Rate Cuts 2024 Canada Inflation. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to. Ottawa — canada’s inflation rate fell to two per cent last month, finally hitting the bank of canada’s target after a tumultuous battle with skyrocketing price growth.

As for the fed, it cuts or raises rates in response to two. Economists and market watchers are firming up their bets for bank of canada interest rate cuts after another soft inflation report showed more signs of easing.