Birdwatch Note Rating
2023-10-18 22:23:12 UTC - HELPFUL
Rated by Participant: 85F3723B49241A61B07CEDB0949C665C286960A861033F284EF20217845C583D
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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