Poloz speech: Any decision on possible rate move will not be mechanical

Bank of Canada (BoC) Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press following  |  22/01/2020 16:40

Bank of Canada (BoC) Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press following the BoC's decision to leave the policy unchanged at 1.75% in January. 

Key quotes

"If Q4 were weaker than expected but Q1 rebounded, any decision on possible rate move would not be mechanical."

"We see rebound coming, don't think the weakness in mixed data will be persistent but we need to keep looking at that."

"We do see vulnerabilities have been stabilizing, we don't see the froth in housing market."

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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