Discover and read the best of Twitter Threads about #asktheboc
Most recents (2)
#YouAskedUs if we printed cash to finance the federal gov’t.
We didn't.
👇 Keep reading to learn how we supported the economy from the shock of the pandemic. #CdnEcon #AskTheBoC
1/6
We didn't.
👇 Keep reading to learn how we supported the economy from the shock of the pandemic. #CdnEcon #AskTheBoC
1/6
The pandemic has been a crisis like no other.
As a result, we took various measures, like buying bonds, to support and ensure a strong and stable #economy.
2/6
As a result, we took various measures, like buying bonds, to support and ensure a strong and stable #economy.
2/6
We bought existing gov't bonds from banks on the open market.
Why?
This helped unblock frozen markets at the start of the #pandemic.
It let households, companies and governments access funding when they really needed it.
3/6
Why?
This helped unblock frozen markets at the start of the #pandemic.
It let households, companies and governments access funding when they really needed it.
3/6
We keep talking about inflation becoming “entrenched.” What does that mean?
The more people believe inflation will continue to increase and the longer they believe it will last, the more likely it is to remain high.
👇 Keep reading to learn more. #CdnEcon #AskTheBoC
1/7
The more people believe inflation will continue to increase and the longer they believe it will last, the more likely it is to remain high.
👇 Keep reading to learn more. #CdnEcon #AskTheBoC
1/7
Prices tend to go up⬆ when the demand for goods and services is more than the #economy can supply.
Prices tend to go down⬇ when the #economy produces more goods and services than people want or need.
2/7
Prices tend to go down⬇ when the #economy produces more goods and services than people want or need.
2/7
If people believe inflation will remain low, short-term jumps in prices are not a huge deal.
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