Yes, the Fed and the BOC right in pausing their bank rates.Reason? Central bank rates are high ( the Fed rate is at a 22 year high). The inflation rates (CPI) in both countries have decreased significantly (you can look it up!) Commercial banks in both countries use the bank rate to set interest rates on long-term borrowing ( such as mortgages and car loans). (you can look up commercial long-term borrowing rates). Some consumers are hurt; some businesses trying to borrow money for expansion or start-up will defer the borrowing. Should the central banks pause ( or reduce) the bank rates