The Bank of Canada’s plan to cool inflation
The Decibel
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What Is the Bank of Canada?
The bank of canada is not like other banks, it doesn't take deposits from you and i. It also has a role overseeing the financial system. The best way to think about their role in the financial system is they set the price of money by setting interest rates. At the end of the day, if you're trying to anchor the value of money, you need a system or a model to anchor that with.
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