Poloz speaking to reporters
- "An awful lot" of people weren't surprised by hike in September
- An overshoot of inflation isn't something we would ever plan for, but a target range allows for things beyond your control
- Communication strategy is under active discussion at BOC
- We are in unchartered waters in terms of what our global economies have been through
- Things are assumed in our models that may not operate exactly as they have in the past
- We have to continue to try to understand unknowns
- Declines to describe CAD as harmful or helpful, says it's factor that needs to be considered
- Usually at this point in the cycle we over-predict inflation
- Labor market clearly has more room to grow
- Have to give some weight to possibility that supply side will grow
