The Bank of Canada will make its final rate increase in October after a pause next week, says Goldman Sachs Group Inc.
- Nivekk ( @Nivekk@kbin.social ) 14•1 year ago
There’s been an awful lot of final rate hikes
- ziby0405 ( @ziby0405@lemmy.ml ) 6•1 year ago
The Final Last Rate hike - Goodbye Forever Final Live Tour, “We’re really retiring after this one” ultimate final tour
- twistedtxb ( @twistedtxb@lemmy.ca ) 9•1 year ago
Why the fuck another hike? The country’s economy had a net regression for the first time in years. Houses, food and rents prices are unhinged. Another hike won’t do anything to help this.
- frostbiker ( @frostbiker@lemmy.ca ) 13•1 year ago
Houses, food and rents prices are unhinged.
Higher interest rates lower inflation. That is why the BOC has been rising them
The country’s economy had a net regression for the first time in years
The main goal of central banks is keeping inflation around 2% per year, even if that causes a recession.
- Rocket ( @Rocket@lemmy.ca ) 5•1 year ago
Higher interest rates lower inflation. That is why the BOC has been rising them
Unless it is specifically interest payments that are causing inflation to rise…
- frostbiker ( @frostbiker@lemmy.ca ) 2•1 year ago
I addressed that here.
- blindsight ( @blindsight@beehaw.org ) 1•1 year ago
Up to 3% inflation is in the acceptable band. They don’t try to balance at exactly 2%, especially in unstable inflation environments.
But otherwise, yes. I liked your comments in the other thread you linked below, too. Very clearly explained.
- ag_roberston_author ( @ag_roberston_author@beehaw.org ) English4•1 year ago
“Final”. Uh huh.