The Bank of Canada (BoC) announced its interest rate decision on Wednesday. The BoC kept its interest rate unchanged at 0.75%. This decision was expected by analysts.

Canada's central bank said that the nation's economy "the current degree of monetary policy stimulus is still appropriate".

The BoC pointed out that "the risks around the inflation profile are now more balanced".

The central bank expect a negative impact from lower oil prices to appear in the first half of 2015.

January's interest rate cut eased financial conditions in Canada.

The BoC lowered its interest rate to 0.75% on January 21, 2015, down from 1.0%. That was the first interest rate reduction since April 2009.