Birdwatch Note Rating
2023-10-18 22:31:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D25934E87A893136735716A05F283E5870C96433A10C3E7DBADCCD02B4BD3971
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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