Eby tells Macklem further interest rate hikes pose a danger to homeowners, renters, students, seniors, families and small business people
, Eby urged him to consider the “human impact” of rate hikes.“While the role of the Bank of Canada is to make decisions about monetary policy, my role as premier is to stand up for people in B.C. and ensure their voices are heard as decisions are made that impact them,” said Eby’s letter.
The letter said the Bank of Canada had raised rates 10 times since March last year, with the current interest rate at five per cent, the highest in 22 years.calling for a targeted approach to fighting inflation, focusing on housing and infrastructure improvements.
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