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
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