this post was submitted on 01 Apr 2024
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No, businesses care about interest rates - individuals are probably alright with putting off moving homes for a while... we mostly care about the real inflation rate which is divorced from the BoC stated inflation rate.
Banks no longer feel obligated to pay anything close to the official interest rates on savings and most people only interact with interest rates when being bent over for a mortgage or car loan.
Our imaginary financial health is completely divorced from reality.