Canada’s Inflation Problem Cannot Be Solved by Interest Rates Alone For the past several years, central banks around the world —…
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Canada’s Inflation Problem Cannot Be Solved by Interest Rates Alone!
Canada’s Inflation Problem Cannot Be Solved by Interest Rates Alone For the past several years, central banks around the world — including the Bank of Canada — have relied heavily on interest rate increases as the primary tool to fight inflation. While rate hikes can be effective under certain conditions, treating every inflationary environment the same way is both economically simplistic and potentially harmful. The reality is that not all inflation is created equally. …