BOC Governor Poloz remarks from a press conference
- Bank of Canada is decidedly data dependent on rates
- BoC is not forecasting recession
- We may need to become accustomed to seeing curve inversion more often
- Inversion is more statistical than an indication of recession
- Its not helpful to focus on the neutral interest rate, its not a target. Wishes markets would not focus on neutral so much
- Considers core inflation close to 2% a significant success
more to come
