Canada’s fiscal stimulus worth 100bp of rate cuts – Poloz
The fiscal stimulus implemented in Canada over the past four years has saved the country’s central bank from cutting interest rates by a total of about one percentage point, according to Stephen Poloz, governor of Bank of Canada. As a result, it has also helped to reduce financial stability risks.
“We are fortunate here in Canada [that] during the past four years we have been getting about 100 basis points worth of fiscal policy stimulus,” Poloz told Central Banking in an interview. “We have
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