Chamber of Commerce of Metropolitan Montreal - Press Conference (Webcasts)

Monetary policy has proven to be a powerful instrument to control inflation and promote Canada’s economic welfare, subject to a number of limitations, Bank of Canada Governor Stephen S. Poloz said today.

Governor Poloz explains that monetary policy is a powerful tool to promote economic welfare, but it also has some important limits.

In his first speech of 2019, Governor Stephen S. Poloz explains that monetary policy is a powerful tool to promote our economic welfare. But he also notes that it has some key limits that need to be better understood in the face of uncertainty.