For years now, central banks all over the world have helped shoppers and companies climate financial storms. In disaster after disaster, they lower rates of interest to assist individuals get by way of. They printed cash and purchased bonds to prop up markets.
This time, those self same banks are actively making life tougher.
“I am certain a few of this does really feel a bit counterintuitive,” Financial institution of Canada governor Tiff Macklem mentioned.
The Financial institution of Canada