Birdwatch Note Rating
2023-10-22 16:47:59 UTC - HELPFUL
Rated by Participant: 583293E0B5F1244A1F5DC466150F0032E7CAECE3843E88319AD2BA031159E7F3
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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