Most economists say the Bank of Canada is unlikely to raise interest interest-rates when it makes its next policy announcement on Wednesday.

Most analysts s say the central bank is not likely to raise its overnight lending rate from 2.5% until July at the earliest, and many don’t expect higher rates until the fall.

Bank of Canada Governor David Dodge has said rates will have to be increased “in the foreseeable future.”

Last Friday’s inflation report for April showed that the cost of living had edged up to 2.4% year-over-year. But the core inflation rate, which excludes volatile items like food and energy, dropped two-tenths of a percentage point to 1.7%.

That’s well within the central bank’s 2% target rate. “The April return to a 1.7% pace for core prices sends a clear message to Governor Dodge: hold your fire,” said CIBC World Markets senior economist Avery Shenfeld.

The Bank of Canada hasn’t raised rates since last fall. If it stands pat on Wednesday, it will be the fifth meeting in a row when it has left the overnight rate at 2.5%.

The overnight lending rate in the U.S. is 3.0% and is expected to hike rates again next month. The U.S. economy has been growing faster than Canada’s and its inflation rate is higher.

In April, the Bank of Canada lowered its estimate of how fast the Canadian economy will grow this year from 2.8% to 2.6%, citing the damage the strong dollar was exerting on exports.