BOC’s Poloz Q&A: We’re comfortable with our inflation forecasts
Poloz and Wilkins take questions
- There have been some positive signs on wages but there are still questions
- Progress has been encouraging and we have renewed confidence that we have the right narrative
- Pace of rate hikes is a considerable question mark
- Rates are low considering the economy is close to capacity
- BOC is decidedly data dependent
- Having NAFTA resolved would be positive for business
- Discussions were about underlying dynamics of the process of weighing risks
- I won’t go into the nuts-and-bolts of the discussion
- Discount in Canadian oil is mostly an investment problem in our view
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