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BRIEF-Bank of Canada's Poloz press conference

Published 2016-01-20, 12:12 p/m
© Reuters.  BRIEF-Bank of Canada's Poloz press conference

Jan 20 (Reuters) -
* BoC's Poloz, asked why he's optimistic, cites strong U.S.
economy
* BoC's Poloz, asked how low C$ will go, says not making
predictions
* BoC's Poloz says C$ very strongly influenced by crude
prices
* BoC's Poloz: higher cost for imported goods primary way
loss of oil income gets spread around the country
* BoC's Poloz: if people see higher prices all at once,
possible can begin to influence expectation of inflation but
doesn't see that happening now
* BoC's Poloz: where risks would become more tangible would
be if C$ were moving rapidly by itself
* BoC's Poloz: how much sooner output gap will close as
result of fiscal stimulus depends on what form stimulus takes
* BoC's Poloz: Canadians' inflation expectations remain
extremely well anchored, needs to be defended
* BoC's Poloz, asked if worried about global recession, says
level of uncertainty greater at this moment than in last couple
years
* BoC's Poloz cites IMF report consensus view of growth in
2016
* BoC's Poloz: the lower the oil price goes the more you
concern yourself about companies' thresholds
* BoC's Poloz press conference ends

Source text for Eikon:
Further Bank of Canada coverage: BOC

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