Bank of Canada Governor Stephen Poloz: further interest rate cut by the central bank is not needed

Market news

20 April 2015

Bank of Canada Governor Stephen Poloz: further interest rate cut by the central bank is not needed

The Bank of Canada (BoC) Governor Stephen Poloz said in an interview with The Wall Street Journal on Sunday that the further interest rate cut by the BoC is not needed.

"We've got the right monetary policy," Poloz noted.

The BoC governor described a shock January interest rate cut as "insurance".

Poloz also said that demand in machinery equipment and building materials from the U.S. increased.

Japanese Prime Minister Shinzo Abe said in an interview with The Wall Street Journal that Japan and the U.S. are close to sign an agreement on a Trans-Pacific Partnership (TPP) free-trade pact

Option expiries for today's 10:00 ET NY cut

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