LONDON, Nov 5 (Reuters) - Canada's interest rates are rising at "exactly" the right pace, the country's central bank governor Stephen Poloz said on Monday, adding the bank wasn't just looking to build up some ammunition for the next economic downturn.
"Our assessment is that we are normalizing (rates) at exactly the right pace," Poloz told reporters after a speech hosted by the Canadian and British Chamber of Commerce.
"The last thing you want to do is tighten too quickly because you risk choking off that non-inflationary growth which everybody benefits from."
He then added: "it would seem odd to me to slow down your economy today just so you would have more power to speed it up another day."