👉The Bank of Canada is expected to raise its benchmark interest rate by half a percent point on Wednesday, a move to control inflation, running at its highest level in decades. The current inflation rate for necessities is two to three times higher than what the bank likes to see. While low interest rates aren't the only factor driving up inflation, the central bank is feeling the pressure to move swiftly to cool things down.✅ . . #bankofcanada #interestrate #interestrateofbankofcanada #inflation #inflationcontrol #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

👉The Bank of Canada has opted to keep its benchmark interest rate steady at 5% for the fifth consecutive time, withholding indications of future rate adjustments. The decision follows an intense tightening campaign last July to curb soaring prices. Despite a notable decline in inflation and sluggish economic growth due to increased borrowing costs, the central bank refrains from contemplating rate cuts. Bank officials express a reluctance to extend restrictive monetary policies unnecessarily but remain cautious about jeopardizing progress in controlling inflation, as stated by Governor Macklem in his press conference opening statement.✅ . 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 #InterestRateDecision #MonetaryPolicy #EconomicOutlook #InflationControl #FinancialStability #RateHike #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Bank of Canada is maintaining its key interest rate at five percent, expressing concern that a rate cut now could risk undermining progress made in controlling inflation. Governor Tiff Macklem emphasized the balance between avoiding prolonged restrictive monetary policy and preventing potential harm to the economy. The central bank is particularly vigilant about the housing market, which has shown signs of heating up. Despite a more than 17 percent decrease in the benchmark average home price from its 2022 peak, recent data indicates a possible rebound, prompting the Bank of Canada to monitor the situation closely.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #BankofCanada #InterestRates #HousingMarket #EconomicCaution #InflationControl #MonetaryPolicy #RealEstateTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews