BoC's Poloz: we want the economy to run hotter for a while to use up excess capacity

Market news

15 December 2017

BoC's Poloz: we want the economy to run hotter for a while to use up excess capacity

A governor can't stop talking about household debt, by-product of monetary policy, want to make sure we don't underestimate how important that is
Very important that we have an independent monetary policy, we are a year or two behind the U.S. in the cycle

BoC's Poloz:we haven't learned very much since two rate hikes, early days still; raising rates takes a year to have a noticeable effect on the economy

10-year U.S. treasury yield at 2.360 percent vs U.S. close of 2.346 percent on Thursday

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