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The Bank of Canada has been raising interest rates steadily since February 2022 in an attempt to slow down the economy as it drags on inflation. The interest rate currently stands at 4.5% and according to them, it will take about 18-24 months to see the full impact of the rate increase. Vblink Bonus Wheel, The benchmark interest rate is expected to end 2024 at 4.3%, according to the median forecast of Fed officials. Again, officials' views are divided with four policymakers expecting rates to stay at 5.1%% or higher, while another four expect rates to end next year. below 4%.
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