Birdwatch Note Rating
2023-10-19 12:51:19 UTC - HELPFUL
Rated by Participant: D942B99C89E208F2689EC87F9D3F3DB41A390E16716A9FAB4C5A489126CDD5FB
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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