07:46 AM EDT, 03/14/2025 (MT Newswires) -- The Bank of Canada lowered rates by 25bps to 2.75% on Wednesday, the mid-point of the neutral range, but warned that monetary policy cannot offset the impact of a trade war with the United States, said Societe Generale.

The BoC stayed vague on its intentions for future meetings and will carefully assess the timing and strength of both the downward pressures on inflation due to the economy being weaker and the upward pressures on inflation due to higher costs, wrote the bank in a note to clients.

The curve is pricing only a small chance of a rate cut in April, stated SocGen.