Why might the Bank of Canada decide to lower the overnight loans rate in 2018? In September
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Why might the Bank of Canada decide to lower the overnight loans rate in 2018?
In September 2015, the unemployment rate was 7.0 percent, the inflation rate was 0.1 percent, and the overnight loans rate target was 0.5 percent. In September 2017, the unemployment rate was 6.2 percent, the inflation rate was 1.4 percent, and the overnight loans rate target was 1.0 percent.
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The Bank of Canada might decide to lower the overnight loans rate in 2018 for several reasons includ...View the full answer
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