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.
- Positive outlook is consistent with the current interest rate setting.
- Monitoring developments in household spending, oil markets, and global trade policy.
- Important to emphasize we will continue to evaluate appropriate degree of monetary policy accommodation as new data arrive.
- Chose to remove reference to need for rates to return into neutral range, which we have revised to 2.25-3.25%.
- Positive outlook is consistent with the current interest rate setting.
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