The governor of the Bank of Canada said Wednesday that monetary policy has become particularly data dependent due to unknowns surrounding inflation.
Speaking at a trade event Stephen Poloz said that the bank’s easing of monetary policy in 2015 has been effective in helping the economy adjust to lower oil prices.
On interest rates, the governor gave no clues as to when there might be another change.
“We need to keep updating our understanding of the economy in real time. There is no predetermined path for interest rates from here,” he said.
“Monetary policy will be particularly data dependent in these circumstances and, as always, we could still be surprised in either direction. We will continue to feel our way cautiously as we get closer to home, fostering economic growth and keeping our inflation target front and centre,” Mr Poloz concluded.
MBN
We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.
Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!
"THE JACKIE GOODLET TEAM" Re/Max Rouge River Reatly Ltd., Brokerage Direct/Text: 289-200-5883 Office: 1-800-663-7119 info@thejackiegoodletteam.com
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment