March 27 (Reuters) - Bank of Canada's Governor Stephen Poloz and Deputy Governor Carolyn Wilkins spoke after announcing a third cut to the overnight interest rate this month:
* BANK OF CANADA GOVERNOR STEPHEN POLOZ BEGINS TELECONFERENCE AFTER CUTTING OVERNIGHT RATE FOR THIRD TIME THIS MONTH
* BANK OF CANADA'S POLOZ SAYS CURRENT LEVEL OF RATES IS LOWER BOUND AND NEGATIVE RATES COULD BE NEGATIVE FOR FINANCIAL MARKETS
* BANK OF CANADA'S POLOZ SAYS HE DOES NOT SEE RATES GOING LOWER THAN CURRENT LEVEL
* BANK OF CANADA'S POLOZ SAYS FINANCIAL ASSET PURCHASES GOING ON NOW IS AIMED AT IMPROVING FUNCTIONALITY IN MARKETS
* BANK OF CANADA'S DEPUTY GOVERNOR CAROLYN WILKINS SAYS THERE IS LESS LIQUIDITY IN THE MARKET AS PEOPLE MOVE TO CASH
* BANK OF CANADA'S POLOZ SAYS WILL ANNOUNCE A TRUE QUANTITATIVE EASING PROGRAM WITH SET OBJECTIVES WHEN IT IS IMPLEMENTED, NOW SEEKING TO RESTORE MARKET FUNCTIONING, BUT TWO ARE CLOSELY RELATED
* BANK OF CANADA'S POLOZ SAYS HE WILL NOT DISPUTE THAT CENTRAL BANK'S LIQUIDITY MEASURES LOOK LIKE QUANTITATIVE EASING
* BANK OF CANADA'S WILKINS SAYS THERE ARE STILL TOOLS IN THE TOOLKIT, INCLUDING CREDIT EASING AND FUNDING FOR FINANCIAL INSTITUTIONS TO LEND TO BUSINESSES
* BANK OF CANADA'S POLOZ SAYS IT'S EARLY DAYS TO SAY WHETHER THERE COULD BE DEFLATION IN CANADA
* BANK OF CANADA'S POLOZ SAYS BIG QUESTION IS WHETHER CONSUMER AND BUSINESS CONFIDENCE CAN BE MAINTAINED, SAYS OPTIMISTIC THAT IT CAN BE
* BANK OF CANADA'S POLOZ SAYS THERE WAS DISCONNECT IN OVERNIGHT MARKETS AND BANK'S KEY RATE WHICH IS ONE REASON IT MADE SENSE TO CUT NOW
* BANK OF CANADA'S WILKINS SAYS UNLIKELY AT THIS POINT THAT HOUSING MARKET WOULD BE FUELED BY BANK'S ACTIONS
* BANK OF CANADA'S POLOZ SAYS CENTRAL BANKS DO NOT HAVE A LOT OF ROOM TO MANEUVER SO FISCAL POLICY IS BETTER EQUIPPED TO HANDLE SHOCKS
* BANK OF CANADA'S POLOZ SAYS MONETARY POLICY IS PLAYING A BACKUP ROLE
* BANK OF CANADA'S POLOZ SAYS IT WILL KEEP EXTRAORDINARY PURCHASE PROGRAMS IN PLACE UNTIL ECONOMIC RECOVERY IS WELL UNDER WAY
* BANK OF CANADA'S POLOZ RATES NOW AT EFFECTIVE LOWER BOUND
* BANK OF CANADA'S POLOZ SAYS FOCUS IS NOW ON PERIOD AFTER THE CURRENT CRISIS
* BANK OF CANADA'S POLOZ SAYS TOOLS GOVERNMENT HAS ANNOUNCED, IN PARTICULAR INCOME SUPPORT FOR THOSE NOT PREVIOUSLY SUPPORTED BY UNEMPLOYMENT INSURANCE, IS IMPORTANT SAFETY NET FOR THE ECONOMY
* BANK OF CANADA'S POLOZ SAYS ONE AIM OF MONETARY AND FISCAL POLICY RESPONSES IS TO PROVIDE A BRIDGE TO NORMALCY
* BANK OF CANADA'S POLOZ LAUDS COMMERCIAL BANKS FOR ALLOWING MORTGAGE DEFERRALS AND KEEPING CREDIT LINES TO BUSINESSES OPEN
* BANK OF CANADA'S POLOZ ENDS TELECONFERENCE