BoC's Wilkins: Possible the pace of rate hikes could be a bit faster, could also be a bit slower
After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press with key quotes found below.
- Wilkins: There was a lot of focus on a single word "gradual".
- Wilkins: It's possible the pace of rate hikes could be a bit faster, could also be a bit slower.
- Poloz: Until some new shock throws us off trajectory, wouldn't be expecting to be going into the contractionary stance for policy,
- Poloz: We are still being quite stimulative at a time when the economy doesn't seem to need it.
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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."
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.
