Bank of Canada Governor Tiff Macklem believes it's too early to lower interest rates, despite the economy no longer being overheated. Economists foresee a potential policy rate decline in 2024, but warn of a potentially uneven return to the central bank's inflation target. Major risks include the housing market and geopolitical tensions. Some borrowing costs are decreasing, with expectations of rate cuts in the new year, but experts advise against hasty interest rate cuts.