AUTOREFRESH 
Bank of Canada’s Carney: Interest rate commitment was unconventional policy measure for extraordinary times, but those extraordinary times are now over
By Gerry Davies || April 22, 2010 at 15:32 GMT
|| 1 comment || Add comment
- G20 must focus on highest priorities such as better capital, liquidity standards, ways to resolve bank failures
- Bank levy discussion is distraction from G20 core agenda
- Sees several reasons to expect Canadian housing market to slow, should happen over the balance of the year
- Won’t say if next Canadian rate hike will be in June
- Forecasts higher business investment that should boost productivity; will need that for economy to grow
- G20 must be unanimous on need for capital standards, liquidity; different countries can have different approaches to bank levy idea
- Some countries, including Canada, will not introduce bank levies
[...] BOC’s Carney: Interest rate commitment was unconventional policy measure for extraordinary tim… [...]