Bank of Canada governor Poloz speaking to Handelsblatt published today 4 July
- if we only watched inflation and reacted to inflation we would never reach our inflation target
- we'd always be 2 years behind in the reaction
- we have to look at the rest of our indicators in the models that predict inflation."
"When you're driving towards a red stoplight you ease up on the accelerator well before you get there instead of waiting for the last second to stop"
Poloz has given his "final exclusive" interview to Handelsblatt Gobal before next week's latest policy announcement.
More hawkish tones adding to the line of thought that the BOC may be ready to tighten policy.
Full (gated) interview here
USDCAD took a dip into 1.2980 support again but now recovering to 1.3001 with the news/tones largely factored in already.
BOC getting ready to tighten policy it would appear
