Birdwatch Note Rating
2023-10-19 01:40:41 UTC - NOT_HELPFUL
Rated by Participant: 432EB482D9B789EC7DCDF9E19BF88EA2E9C5BFB7316BCFAFD3A70A1E4296E99D
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/
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