Poloz keeps markets guessing ahead of July rate decision

Poloz keeps markets guessing ahead of July rate decision

Bank of Canada Governor Stephen Poloz gave little indication whether interest rates are heading higher in a speech that focused on how the central bank needs to avoid over-communicating policy intentions in a world of uncertainty. Poloz, speaking Wednesday in Victoria, British Columbia, said rising levels of global uncertainty are making it more difficult for…

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Poloz stays clear of doomsday scenario. “There is good reason to think that we can continue to manage these risks successfully”

Poloz stays clear of doomsday scenario. “There is good reason to think that we can continue to manage these risks successfully”

If there is one thing that annoys a certain group of people in my Twitter bubble about Stephen Poloz, it’s the Bank of Canada governor’s perceived complacency in the face of what these people see as imminent economic disaster. The reason for their frustration is Poloz’s unwillingness to raise interest rates to slow the accumulation…

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