Canada's Carney stresses policy flexibility
The Bank of Canada retains considerable monetary-policy flexibility despite rates being near the zero bound, said Mark Carney, the governor of the central bank.
Carney said that three key monetary-policy options remained:
· conditional statements about the future path of policy interest rates;
· quantitative easing, which involved buying government bonds; and
· credit easing, the outright purchase of private-sector assets.
He said that if required, these instruments could be used separately or
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