September brought some welcome relief, as the Consumer Price Index (CPI) dipped to 3.8% year over year, thanks to lower prices in travel-related services, durable goods, and groceries. However, the Bank of Canada (BoC) has been taking an aggressive stance on interest rate hikes to combat inflation. The recent deceleration in inflation may have some economists wondering whether the BoC will be less aggressive in its upcoming meeting. What are your thoughts on this balancing act between inflation and interest rates? Share your insights in the comments below. Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #InflationWatch #InterestRatePolicy #EconomicBalancingAct #CentralBanking #BoCDecisions #CPIAnalysis #MonetaryPolicy #EconomicIndicators #PriceStability #MacroEconomics #BoCMeeting #EconomicOutlook #PolicyDynamics #ConsumerPrices #FinancialMarkets

👉In a recent announcement following the October policy meeting, the Bank of Canada (BoC) has chosen to maintain the benchmark interest rate at 5%, consistent with market predictions. This decision, made for the second consecutive time, is closely watched in light of its potential impact on the Canadian Dollar's performance against the US Dollar. The CAD has been gradually depreciating against the USD since the BoC's last interest rate hike in July, with the USD/CAD pair seeing a nearly 4% increase since August. Stay updated as the story develops.✅ . . #BOC #InterestRateDecision #CanadianEconomy #Inflation #MonetaryPolicy #FinancialMarkets #BankofCanad #mnm #malayalisnearmeapp #canadaupdate #canadanews

September brought some welcome relief, as the Consumer Price Index (CPI) dipped to 3.8% year over year, thanks to lower prices in travel-related services, durable goods, and groceries. However, the Bank of Canada (BoC) has been taking an aggressive stance on interest rate hikes to combat inflation. The recent deceleration in inflation may have some economists wondering whether the BoC will be less aggressive in its upcoming meeting. What are your thoughts on this balancing act between inflation and interest rates? Share your insights in the comments below. Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #InflationWatch #InterestRatePolicy #EconomicBalancingAct #CentralBanking #BoCDecisions #CPIAnalysis #MonetaryPolicy #EconomicIndicators #PriceStability #MacroEconomics #BoCMeeting #EconomicOutlook #PolicyDynamics #ConsumerPrices #FinancialMarkets