BRIEF-Bank of Canada's Poloz says pace of rate hikes must be balanced

Published 2018-10-30, 05:10 p/m
© Reuters.  BRIEF-Bank of Canada's Poloz says pace of rate hikes must be balanced

Oct 30 (Reuters) -

* BOC GOVERNOR SAYS THE FACT THAT SOME UNCERTAINTY OVER NORTH AMERICAN TRADE PACT HAS BEEN LIFTED AUGURS WELL FOR THE ECONOMIC OUTLOOK

* BOC SENIOR DEPUTY GOVERNOR WILKINS SAYS WILL TAKE A WHILE FOR THE HOUSEHOLD DEBT-TO-INCOME RATIO TO COME DOWN, WILL REQUIRE INCOME GROWTH

* BOC'S WILKINS SAYS OVERALL PACE OF WAGE INCREASES MAY HAVE BEEN DAMPED DOWN BY THOSE WORKING IN THE NON-FORMAL ECONOMY

* BOC'S WILKINS SAYS EXPECTS OVERALL INCOME GROWTH TO STRENGTHEN TO THE 3 TO 4 PERCENT RANGE, YEAR-OVER-YEAR

* BOC'S POLOZ, ASKED WHAT KEEPS HIM UP AT NIGHT, SAYS TRADE ACTIONS ARE HAVING EFFECTS ON ECONOMIES OF CHINA, UNITED STATES AND OTHER NATIONS

* BOC'S WILKINS SAYS IF THERE IS EVER A TIME TO GET BACK TO NORMAL AS REGARDS INTEREST RATES, IT'S DURING THIS PERIOD

* BOC'S POLOZ IF WE MOVE TOO QUICKLY WITH RATE HIKES ECONOMY WILL SLOW BELOW ITS POTENTIAL GORWTH RATE AND THAT IS NOT WHAT WE WANT

* BOC'S POLOZ WE NEED TO BALANCE RISK OF GOING TOO QUICKLY ON RATE HIKES WITH RISK OF GOING TOO SLOWLY

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