More from BOC Poloz: Coronavirus required prompting decisive action

Poloz speaks in Q&A in Toronto

• lower rates buffer down side effects of confidence
• confidence affects could undermine housing market
• coronavirus require prompt and decisive action
• monetary policy can't correct supply disruptions
• we have tools to fix credit logjams if needed
• 50 basis points cuts will make a big difference to variable-rate loans
• Wednesday cut wasn't intended as forward guidance
• high level of coordination at G7, talking every day
• we've got a lot of stimulus flowing through the system