The Bank of Canada deputy gov, Beaudry: CAD is very important for our outlook
|The Bank of Canada deputy governor Paul Beaudry asked if bank is actively considering lowering the effective lower bound, says this is a potential option
He says nothing has been decided, and;
Lowering rates is one of the tools we can use, it's one thing we are considering and thinking a bit about;
Asked how concerned he is about strong c$, says exchange rate is very important for our outlook;
Strong C$ is one element of many we are looking at;
Even if monetary policy works with a lag, there is no problem about thinking we can add more stimulus if needed;
We have not looked in detail about how we would implement yield curve controls;
QE operations have a certain risk, there is implicitly a chance we could lose or gain money, says that type of risk is relatively small compared to the benefits.
BoC's Beaudry: BoC could cut rates further without going into negative territory
USD/CAD eases back from multi-year lows just above 1.2700
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.