Bank of Canada governor highlights need to ‘incorporate uncertainty' in decision-making
Poloz says central bank now uses ‘ranges rather than points' in forecasts
The Bank of Canada (BoC) has "begun to offer a more fulsome description" of how risks inform policy deliberations, "particularly in the opening statement that precedes our press conferences", governor Stephen Poloz told the Canadian senate's standing committee on banking, trade and commerce yesterday.
"Just as our analysis of the economic forces has been evolving with events as they transpire, so is the way we conduct monetary policy adapting in real time to the changing environment," Poloz said
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