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flag Bank of Canada likely to hold rates steady amid rising inflation.

flag The Bank of Canada is expected to hold its key interest rate steady at 2.25% on Wednesday, with market odds exceeding 93%. flag Inflation recently rose to 2.4% due to higher oil prices stemming from global tensions, though core inflation has shown some signs of softening. flag Policymakers are closely monitoring inflation expectations while waiting for clearer signals on the conflict’s impact on the economy.

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