BOC Poloz: increasingly confident economy will need less monetary stimulus over time

Author: Greg Michalowski | Category: Central Banks

Headlines from the BOC's Poloz

  • BOC will continue to be cautious on rates
  • labor market slack poses downside risks to inflation forecast
  • sees potential early signs of firms offering higher wages
  • Canadian economy is close to reaching full capacity
  • is increasingly confident less stimulus needed over time
  • is exploring whether appropriate to issue digital currency
  • reiterates BOC is data dependent not in a mechanical mode
  • Helocs may be adding to overall vulnerability of system
  • sees potential early signs of firms offering higher wages