By Promit Mukherjee and David Ljunggren

OTTAWA, Aug 13 (Reuters) – Ahead of the Bank of Canada’s July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes of the meeting showed on Wednesday.

The BoC kept its key policy rate unchanged at 2.75% for the third time in a row but said it could cut rates if the economy weakened as a result of U.S. tariffs and inflationary pressures were kept under control.

“Monetary policy works to control inflation by influencing demand and is not well suited to shocks that push prices up because of a decline in aggregate supply,” said the minutes.

“In this context, there was some debate about what monetary policy could do to support the economy.”

The bank said the worst ca

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