Wednesday, January 22, 2014

Monetary Policy Report Press Conference - January 22, 2014

Webcast of this morning's press conference by Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Tiff Macklem about the Monetary Policy Report.

  • Of note, at about 11 minutes Tiff Macklem responds to a question about a soft landing in the housing market.
  • At about 24 minutes Stephen Poloz is asked about how to moderate risk in the housing market (and by extension in the financial sector) given the reluctance to cut the policy rate.
  • And at about 27 minutes Stephen Poloz is questioned about the Canadian dollar dropping 10 cents in relation to the US dollar since his tenure began.


Related post: BOC's benchmark policy rate to continue flatlining