Interest rate announcement and Monetary Policy Report

On October 23, 2024, the Bank of Canada will release its latest interest rate announcement and Monetary Policy Report (MPR).

This highly anticipated event will provide insights into the central bank’s assessment of the Canadian economy, inflation trends, and financial market conditions. The interest rate decision will reveal whether the Bank will adjust its policy rate to help manage inflation and economic growth. Alongside the rate announcement, the MPR will offer an in-depth analysis of economic developments and projections, outlining key factors shaping the country’s monetary policy. Investors, economists, and businesses will closely watch these updates for guidance on future economic conditions and financial stability.