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    Bank of Canada Governor Stephen Poloz: further interest rate cut by the central bank is not needed | 20.04.2015

     

    The Bank of Canada (BoC) Governor Stephen Poloz said in an interview with The Wall Street Journal on Sunday that the further interest rate cut by the BoC is not needed.

     

     

    "We've got the right monetary policy," Poloz noted.

     

     

    The BoC governor described a shock January interest rate cut as "insurance".

     

     

    Poloz also said that demand in machinery equipment and building materials from the U.S. increased.


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