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BoC's Poloz: If economy is growing above capacity could augur inflation above target

Following the Bank of Canada's decision to keep the overnight rate target unchanged at 1.75%, Governor Stephen S. Poloz is responding to questions from the press with key quotes, via Reuters, found below.

  • Our assessment is that impact of decline in oil prices is a setback, a delay.
  • Underlying domestic demand indicators will probably look quite good over next four or five months.
  • If economy is growing above capacity could augur inflation above target.

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About Stephen Poloz (via bankofcanada.ca)

"Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas."

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