The Bank of Canada decided to hold its interest rate on Wednesday, saying uncertainty remains high and it continues to assess the U.S. trade war’s impact on the Canadian economy.

The Bank of Canada will hold interest rates at 2.75% on Wednesday as policymakers await further news on an economy that grew faster than expected last quarter, with at least two more cuts likely this year,

The Bank of Canada left its main interest rate unchanged, at 2.75%, saying the economy has softened but not deteriorated, and inflation has picked up steam.