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In what state of the economy does the Bank of Canada set a low overnight rate ta...

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In what state of the economy does the Bank of Canada set a low overnight rate target?

When the inflation rate is at the centre of the target range.

0%

When inflation is forecasted to move above target.

0%

When the economy is in or faced with a forecast of recession.

100%

When the economy is in the middle of a business cycle expansion.

0%

When the inflation rate is above target.

0%

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