Interest Rate Projections 2025 Canada. The bank of canada has cut policy rates four times this year, bringing its key overnight interest rate down to 3.75%. Mortgage interest rates forecast in canada.

Economic growth in canada is expected to pick up, supported by past interest rate cuts, and inflation is projected to remain close to the 2% target. The bank of canada on wednesday cut its benchmark interest rate by 25 basis points, bringing the policy rate down to 3.0 per cent.