Bank of Canada to release interest rate decision, economic forecast today

OTTAWA — The Bank of Canada is set to make its latest interest rate decision this morning.

The central bank has lowered its key policy interest rate three times so far this year to bring it to 4.25 per cent.

Economists and financial markets widely expect another rate cut today, but the question remains by how much.

Most observers are expecting a half-percentage-point cut, but some expect the central bank to stick with a more measured quarter-point cut.