Bank of Canada considered adding monetary stimulus, says governor
Balance of risk still within zone of current 'appropriate' policy, says Poloz
The governing council of the Bank of Canada "actively" considered adding monetary stimulus to speed up the return of the economy to "full capacity" at its latest monetary policy meeting, the governor of the central bank has said.
Speaking at a press conference on October 19 after the council voted to leave interest rates unchanged, governor Stephen Poloz said a number of uncertainties had stayed the council's hand against raising rates.
The Bank of Canada unveiled it was maintaining its target
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