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U.S. central bank hikes interest rate



Canada’s inflation rate likely to rise

Central banks cut their rates when they want to stimulate the frugality by encouraging people and businesses to adopt and invest. And they raise their rates when they want to make borrowing more precious, to try to cool down anover-heated frugality.

That is an apt description of husbandry around the world right now, as the cost of living is going up at its fastest pace in decades.
Canada’s affectation rate is at a 31- time- high of6.8 per cent and is anticipated to increase when the rearmost figures come out coming week.

The Bank of Canada has raised its interest rate three times formerly this time, from0.25 per cent at the launch of the time to1.5 per cent now, in an attempt to cool effects down.

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