Canada’s fiscal stimulus worth 100bp of rate cuts – Poloz
Infrastructure investment has also helped to reduce financial vulnerabilities
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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