BOC's Poloz: Intention is always to aim for 2% inflation target, our credibility hinges on that
Bank of Canada Governor Stephen Poloz is giving additional comments before financial analysts and the Montreal Council on Foreign Relations, with key quotes, via Reuters, found below.
Intention is always to aim for 2% inflation target, our credibility hinges on that.
Recent job report was encouraging set of numbers.
Will need more data points to be assured of wage growth gains.
We have no evidence of any "de-anchoring" of consumer expectations of inflation.
If inflation is below target because of "good disinflation", it would be curious for central bank to try offset that.
We have an inflation target band because things can happen in either direction.
If we said we missed inflation target on purpose, it wouldn't be a valid explanation.