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

Eren Sengezer FXStreet

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’.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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