Highlights from Poloz's final speech at the BOC

  • Our policy framework gives us flexibility in the time it takes to get inflation back on target
  • Choosing a policy course can entail a degree of flexibility, allowing inflation to return to target more slowly or quickly than on average
  • For every base-case economic projection, a wide range of possible interest rate paths could ultimately be broadly consistent with the inflation target

That's all she wrote for Poloz. He's a relentless optimist but he's not shaking the boat in his final speech. Happy trails.