If the Bank of Canada wants to lower the interest rate,it will:

Name: If the Bank of Canada wants to lower the interest rate,it will:
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

To lower the interest rate, the Bank of Canada will increase the money supply. When there is more money available in the economy, lenders will compete by lowering their interest rates, which decreases the overall interest rate in the economy. This is how the Bank of Canada can influence interest rates.

If the Bank of Canada Wants to Lower the Interest