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Poloz: Monetary Policy Report Press Conference Opening Statement
Good morning. I am pleased to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). Before taking your questions, let me offer a short summary of Governing Council’s deliberations. A lot has happened since our last MPR in October. For one thing, the US-led trade war is beginning to have negative economic consequences. Global financial markets have reacted—bond yields have fallen, yield curves have flattened even more and stock markets have repriced significantly. Here in Canada, lower oil prices have reached the point where they will have material ... (full story)