Quote:
Originally Posted by MillerTime GFG
Yea those aren't the same...
Monetary policy via rate hikes are the only thing keeping inflation above target. Bank of Canada can't cut rates to other goods and services.
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So when rates are going down and it results in lower mortgage costs, we should count that in the data. But when rates are going up and it results in higher mortgage costs, we shouldn't count it.
Gotcha!