Ottawa: The Bank of Canada is once again keeping its interest rates stable at 4.5 percent. But there is no denying the bank that these rates will increase in the near future.

On Wednesday, the central bank said that the latest economic data has shown that inflation will decline in the coming months.

But the bank said it would be even more difficult to bring the inflation rate back to 2 per cent. The central bank said its governing council will continue to find out if interest rates are high enough to bring inflation back to target.

Economists believe that the Bank of Canada will maintain its interest rates because inflation is falling economically. Canada’s annual inflation rate fell to 5.2 percent in February, lower than the previous forecast, and this is happening for the second month in a row.

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