Quote:
Originally Posted by Slava
Wait, people thought that rates were going to drop in late 2021? That's news to me. I saw quite a few predictions of rate increases (and I want to say that a couple economists were predicting 8 increases through 2022, with the lowest I can recall being 4/5 increases). Maybe some layman somewhere thought that they'd be cutting rates, but I don't think any professional had that in the cards?
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What was said at the time was “The BOC can’t do it” because of debt levels.
That was incorrect.
Saw this morning. Interesting thread.
https://twitter.com/user/status/1600507839126159371