The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday and signalled it may be satisfied with where the policy rate sits amid ongoing U.S. trade uncertainty.

The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut.

Read more: • Bank of Canada expected to cut key rate despite mixed inflation, jobs data • Inflation jumps to 2.4% in September thanks to gas, grocery costs • ‘Just atrocious’: Sask. seniors ask provincial government for rent control

Bank of Canada governor Tiff Macklem said in prepared remarks that monetary policymakers feel the policy is at “about the right level” to keep inflation close to the bank’s two per cent target while supporting the economy through tariff disruptions – provided the economy evolves in line

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