The decision to lend is a private sector decision. The rates that are decided upon in making those decisions are also private sector decisions.
We'll only know after the fact whether the rates are too high.
On March 10th, 2009. See this statement in context.
March 10th, 2009 / 10:45 a.m.
Superintendent, Office of the Superintendent of Financial Institutions Canada
The decision to lend is a private sector decision. The rates that are decided upon in making those decisions are also private sector decisions.
We'll only know after the fact whether the rates are too high.
See context to find out what was said next.