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INTEREST RATE HIKES GENERATE DEBATE OVER MONETARY POLICY

Posted by: Regina Chamber Admin - October 6, 2023

Are increasing interest rates the best way to deal with inflation?

Many central banks throughout the world, including the Bank of Canada, use this policy in an effort to get control over rising inflation figures. But in recent years, some economists are pushing back against this strategy, suggesting that the conventional wisdom behind this policy actually causes more issues than it solves.

Najoud Al Mallees of The Canadian Press recently published a story that took a deeper look at both sides of the debate. To read the story, click HERE.

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