Birdwatch Note Rating
2023-10-19 02:35:23 UTC - HELPFUL
Rated by Participant: 1A3DFBB0741D3C9852A88B3C1061850AAFB6E04DBFA79BD77E41B6CBC222D102
Participant Details
Original Note:
High interest rates do not cause inflation: "Higher interest rates encourage saving and discourage borrowing and, in turn, spending. In response, companies increase their prices more slowly or even lower them to encourage demand. This reduces inflation. " https://www.bankofcanada.ca/2019/02/price-check-inflation-in-canada/
All Note Details