Poloz press conference
I won't front-run our process, we're about 10 days away from decision
It takes hundreds of data points to form a view
Inflation is exactly on target, as we expected
National accounts are exactly as we forecast in April, to the decimal point
Our underlying narrative appears to be correct
We're in a situation that warrants higher interest rates, and we will do that gradually
One data point that was below market expectations isn't going to throw us off
Hypotheticals won't be part of our forecast, including trade
We won't make monetary policy on the basis of speculation. We look at what's real
Trade tensions have hurt investment but it's still 'reasonably robust' and that gives us room for optimism
This is hawkish stuff, he basically brushed off the soft data from last week and 'hypotheticals' on trade.
