👉Paraphrased Content: The Bank of Canada has decided to keep its key interest rate steady at 5%, marking the third consecutive decision, citing indications that the economy is no longer in excess demand. The statement suggests a cautious approach, with concerns about inflation risks, though without explicit mention of an increase. Higher rates are acknowledged for their impact on spending and a gradual easing in the labor market.✅ . . #BoC #InterestRates #EconomicUpdate #InflationConcerns #MonetaryPolicy #CanadaEconomy #BankOfCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Bank of Canada (BoC) suggests a growing possibility of lowering its benchmark interest rate in 2024, as indicated in released documents from the March 6 interest rate decision. While acknowledging economic slowdown and controlled inflation, there's internal debate about the timing and risks associated with rate cuts. Concerns about a resurgent housing market pose a significant risk, potentially stoking shelter price inflation despite recent declines in house prices. The BoC aims to balance economic factors and inflationary pressures, awaiting further data before making definitive decisions. Amid expectations of rate cuts, the U.S. Federal Reserve remains cautious, holding interest rates steady but indicating potential reductions later in 2024.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #BankofCanada #InterestRates #HousingMarketRisk #EconomicOutlook #InflationConcerns #RateCuts #FederalReserve #MonetaryPolicy #mnm #malayalisnearmeapp #canadaupdate #canadanews