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- canada
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- cross-posted to:
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- canada
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The central bank is raising rates to fight inflation. No one else seems willing to help
The central bank is raising rates to fight inflation. No one else seems willing to help
Raising interest rates are how the government fights inflation.
Except the BoC is not affiliated with the federal government. The feds have no control over what the BoC decides.
BoC tried to limit the money out there, the feds start printing checks and sending them out to Canadians. Its a slow game of lose and lose for all Canadians, except the rich.