Re:Bank of Canada increases overnight rate target to 1 per cent
by avip on Wednesday September 06, 2017 @03:30PM
(#15186445)
I don't know about Canada, but using a wildly unjustified extrapolation from my country - many a public sector wage, and worse - retirement plans, are following an official cost of living index. Calculating a "realistic" index would have a devastating impact on the long-term fiscal balance of the state.
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