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Canada's Poloz Says It's Not Really the End of Easy Money

  • Economies still working through ‘a lot of underlying stresses’
  • Canada central bank governor speaks in Bloomberg TV interview
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Poloz says Canada is operating close to capacity in output.Source: Bloomberg

Bank of Canada Governor Stephen Poloz said central banks aren’t going to aggressively tighten policy because there are still underlying vulnerabilities in many economies.

Calling this the “‘end of easy money’ is a little too simple,” he said in a Bloomberg Television interview in Davos, Switzerland. “It’s likely that money is going to remain easy for some time yet” because “economies are still working their way through a lot of underlying stresses.”