👉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