The Bank of Canada has lowered its key interest rate to 3.75 with a 50 basis-point cut, twice the size of the previous cut.

The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point). Here’s what people are saying about the decision.

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.