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Placeline/People
City Vaughan
State Province Ontario
Country Canada

Why is the Bank of Canada using the interest rate to target inflation?

Here is a look at why the Bank of Canada keeps raising the key interest rate in the hopes of reducing stubbornly high inflation. 
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Source name: 
The Canadian Press
Unique identifier: CP165740014 
Legacy Identifier: b9f7438b6de6f4e17b6b15110539beb11 
Type: Video 
Duration: 1m26s 
Dimensions: 1920px × 1080px     25.10 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Create Date: 1/25/2023 3:37:54 PM 
Display aspect ratio: 16:9 
Tags
Bank of Canada
BOC
central bank
consumer spending
economy
goods and services
inflation
interest rate
money