Poloz: volatility not a reflection of central bank credibility

stephen-poloz
Stephen Poloz, photo by Bank of Canada
Bank of Canada

Growing volatility in financial markets does not reflect an "erosion" of central bank credibility, argued Bank of Canada governor Stephen Poloz today.

Instead, he told the Canada-UK Chamber of Commerce in London that it is a "natural reaction" to economic uncertainty as central banks begin to normalise monetary policy.

Poloz made his case by unpicking some of the factors behind the rise in volatility in a wide variety of asset classes over the past few months, including US Treasuries.

One key in

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: