After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press with key quotes found below.
- Wilkins: There was a lot of focus on a single word “gradual”.
- Wilkins: It’s possible the pace of rate hikes could be a bit faster, could also be a bit slower.
- Poloz: Until some new shock throws us off trajectory, wouldn’t be expecting to be going into the contractionary stance for policy,
- Poloz: We are still being quite stimulative at a time when the economy doesn’t seem to need it.
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About Stephen Poloz (via bankofcanada.ca)
“Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas.”
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