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What effects do low interest rates have on the economy?
Rounding it up
Low interest rates affect everything; the Bank of Canada influences rates by changing its primary rate.
Low rates mean banks lend more money and borrowers take more; there’s generally more cash in the economy.
That amount of money can dilute the power of a single dollar, thereby causing inflation.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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