OTTAWA — The Bank of Canada is set to make an interest rate announcement and publish updated economic forecasts for the first time since January this morning.

The central bank lowered its benchmark interest rate by a quarter point to 2.5 per cent last month in its first cut since March.

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

Most economists expect the bank will deliver a second consecutive cut this morning as the economy shows cracks in the face of U.S. tariffs.

Annual inflation rose half a point to 2.4 per cent in September but BMO chief economist Doug Porter argues readings of underlying

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