Birdwatch Note Rating
2023-10-19 11:56:57 UTC - NOT_HELPFUL
Rated by Participant: E5CAE8507E4431A6E81F194062EE93616B4804D6E61087E1E647D2C1317AF55E
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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