Mother Nature to Sick Patients Invoked in Poloz’s Debut
This article is for subscribers only.
Bank of Canada Governor Stephen Poloz laid out some new words for talking about the future of interest rates, lacing his comments with analogies about lost sailors, Mother Nature and sick patients.
The new central bank chief also reworked key sections of a quarterly policy report by dropping a line that talked about the interest-rate path built into the bank’s base case, and revamping the discussion of the risks to the Canadian economy.