Bank of Canada's Poloz defends language on household imbalances
Warns against reading too much into use of word 'significant'
Stephen Poloz clarified the Bank of Canada's view on household imbalances yesterday, noting they were a "source of vulnerability" for the economy but "not necessarily an accident that's going to happen".
Announcing its latest monetary policy decision, the Canadian central bank highlighted household imbalances as a "significant risk to financial stability". This represents a change in language from October, but, crucially, not a change in outlook.
Speaking at The Economist's inaugural Canada
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