The Bank of Canada will announce its latest interest rate decision. Will it be a rate cut? – The Nation | Globalnews.ca

To cut or not to cut – this is Bank of Canada The latest announcement will be made on Wednesday morning interest rate Decide.

Forecasters generally expect The central bank cut its benchmark interest rate by a quarter percentage point, which would be the first rate cut in more than four years.

The Bank of Canada's benchmark interest rate is currently at 5%, the highest level since 2001.

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Economists say a marked slowdown in inflation and a weak economy justify the rate cut.

If the Bank of Canada chooses to cut its policy rate, it would be ahead of some central banks, including the Federal Reserve.

Gov. Tiff McCollum plans to hold a news conference at 10:30 a.m. ET to update the media on the decision.