In September 2015, the unemployment rate was 7.0 percent, the inflation rate was 0.1 percent, and the overnight loans rate target was 0.5 percent. In September 2017, the unemployment rate was 6.2 percent, the inflation rate was 1.4 percent, and the overnight loans rate target was 1.0 percent.
Why might the Bank of Canada decide to raise the overnight loans rate in 2018?
The Bank Canada might decide to raise the overnight rate in 2018 if _______.
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Expert's answer
2018-12-10T15:13:10-0500
The Bank of Canada might decide to raise the overnight rate in 2018 if it wants to keep inflation from running too hot, because it increased from 0.1 to 1.4 percent.
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