Canada – Poloz seen unlikely to raise interest rates yet, despite rising inflation

Author: Eamonn Sheridan | Category: Central Banks

An article in the Globe and Mail from Canada: Poloz unlikely to raise interest rates yet, despite rising inflation

  • Bank of Canada Governor Stephen Poloz said the economy has “lots of room to grow,” suggesting a spate of stronger data points won’t sway the central bank from its plan to leave interest rates unchanged at least until well into next year
  • “If the economy took off like a rocket, it would still have room to grow and the way things have been, there is a lot of room to grow,” Mr. Poloz told The Globe and Mail at the Kansas City Fed’s annual economics symposium
  • The remarks are the central bank governor’s first since the Bank of Canada released its latest economic update a month ago

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