Why might the Bank of Canada decide to raise the overnight loans rate in 2018? In September
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Why might the Bank of Canada decide to raise 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 have decided to raise the overnight lending rate in 2018 for a combination ...View the full answer
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