The headline "The Bank of Canada Has Cut the Bank Rate" suggests that the Bank of Canada is trying to

Question

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When the Bank of Canada cuts the bank rate, it means it is reducing the interest rate it charges banks to borrow money. This, in turn, tends to lower the interest rates that banks charge their customers for various types of loans. Lower interest rates can stimulate borrowing and spending by households and businesses, thus boosting aggregate demand and potentially stimulating economic growth.

The Headline "The Bank of Canada Has Cut the Bank