Policy's role grows amid tensions: Canada's Carney

At a time of great uncertainty, it is more important than ever that monetary policy acts as stabilising force, said Mark Carney, the governor of the Bank of Canada.

Tumultuous conditions underscored the importance of keeping inflation low, stable and predictable, the governor said.

Carney stressed that he did not want to downplay the current financial turbulence and that the central bank would monitor the economy aiming neither to favour particular segments nor to insulate market participants

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