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How very interesting: not that it matters, but I have often wondered how interest rates are set. Thank you
They are set by the Bank of Canada (Tiff Macklem is the governor and he has a team) after reviewing the past quarter's economic data like unemployment, inflation, GDP, currency, and global events.
You need a hawkish 50 basis point cut in order to avoid a vibe-cession. 🤣
How very interesting: not that it matters, but I have often wondered how interest rates are set. Thank you
They are set by the Bank of Canada (Tiff Macklem is the governor and he has a team) after reviewing the past quarter's economic data like unemployment, inflation, GDP, currency, and global events.
You need a hawkish 50 basis point cut in order to avoid a vibe-cession. 🤣