Rising Rates: The Bank of Canada Has Barked, But Will It Bite?

Posted by Ed Devlin - Pimco

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Screen Shot 2013-01-16 at 9.07.32 AM

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What is the correct policy response to a prospective asset bubble? This question has been the focus of considerable academic research, especially since the financial crisis of 2008. Recent communication from the Bank of Canada (BoC) suggests it is considering hiking policy rates in response to the recent surge in household debt and home prices.

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