I’m a little confused on the BoC’s decision-making here. Don’t interest rate changes take ~12 months to permeate the market? It’s like these rate changes are being fired from a machine gun, won’t this lead to an over-correction in achieving inflation targets?
I’m a little confused on the BoC’s decision-making here. Don’t interest rate changes take ~12 months to permeate the market? It’s like these rate changes are being fired from a machine gun, won’t this lead to an over-correction in achieving inflation targets?