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In September2015, the unemployment rate was 7.0percent, the inflation rate was 0.1percent, and the overnight loans rate target was 0.5 percent. In September2017, the unemployment

In September2015, the unemployment rate was 7.0percent, the inflation rate was 0.1percent, and the overnight loans rate target was 0.5 percent.

In September2017, the unemployment rate was 6.2percent, the inflation rate was 1.4percent, and the overnight loans rate target was 1.0 percent.

1.What will the Bank of Canada decide to do with the Overnight Loans Rate in December 2017?Increase or decrease?

2. Which economic indicators (in the article above) are responsible for this action? Explain why?

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