Poloz says Bank of Canada intends generally to abandon guidance on the direction of interest rates
Unscheduled comments from BOC Governor Poloz in an interview with Reuters.
- Does not know if he will take “neutral” out of statement
- If rate hikes become imminent, he will not signal it because “the market will know”
- Can be sensible to be flexible about timing of returning to inflation target
- Guidance should be reserved for when rates or at or near zero
Nothing here really relating to the current outlook. Poloz sounds a bit wonky here.