Terrible Swift Rate Rises Soon?
Even in 2010 there was talk of Interest Rate rises but they never really came to pass, and now we seem to be keeping low rates?
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Interest rates set by the bank of Canada
Money too Loose Continues
In December 2010, the Bank of Canada chose to maintain its key overnight rate at 1.0%, reinforcing a strategy of “loose money” to nurture a fragile economic recovery. This post unpacks the cautious tone of the central bank’s announcement, which acknowledged sluggish exports and a still-vulnerable economy despite strong household spending and business investment. With inflation appearing to behave and excess capacity still present, interest rate hikes were off the table. The post humorously reminds readers that while today’s rates seem low, they once hit 20%—and history can repeat.
Keywords: interest rates December 2010, Bank of Canada, monetary policy, low rates Canada, inflation target, economic recovery, fragile growth, deflation risk, Canadian finance
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