April 19 (Reuters) -
* Bank of Canada's Poloz: we would put very low risk of
possibility of inflation overshooting target sooner than
expected
* BoC's Poloz: U.S. is a good year ahead of us in this
process of converging
* BoC's Wilkins: have seen volatility in export activity
* BoC's Wilkins: have identified exports as upside risk
because of our cautious outlook
* BoC's Wilkins: we continue to look at housing market very
closely
* BoC's Wilkins: what have seen over last year is what would
expect given transition in economy
* BoC's Wilkins: in major cities like Vancouver, Toronto the
markets are going very strongly, we're watching that closely
* BoC's Wilkins: given the localized nature of housing
market, monetary policy as a tool is too blunt for that
* BoC's Poloz: distortions that may emerge from negative
interest rates grow with length of time used
* BoC's Poloz: inflation target renewal is a "live issue"
for us at this time, won't go into specific details
* BoC's Poloz: issue of inflation target level is most
prominent issue, because of issue of cbanks recently at the
lower bound of rates
* BoC's Poloz: for me the bar for changing inflation target
framework is very high, won't take question lightly
* BoC's Poloz: encouraged somewhat by small signs of growth
in other countries over last few months
* BoC's Poloz testimony ends
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