BoC’s Poloz: If forecasts are correct, rate hikes are more likely than cuts

Following the Bank of Canada’s decision to keep the overnight rate target unchanged at 1.75%, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are delivering their remarks on the monetary policy outlook with key quotes, via Reuters, found below.

• If forecasts are correct, rate hikes are more likely than cuts.
• Rates moves to de dependent on incoming data.
• Must prove slowdown is temporary; we are seeing little snippets globally, we are not ‘discouraged’.