this post was submitted on 12 Jul 2023
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[–] doylio@lemmy.ca 1 points 2 years ago

Certainly some of inflation is caused by a decade of rock bottom rates. Our real estate bubble is probably partially caused by this

Ultimately, the BOC has a mandate to fight inflation, and very few levers to use. They cannot fix the supply chain issues, but they can quash demand, so that is what they will do