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QE is an adequate but not perfect substitute for monetary policy- BOC’s Wilkins

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The Bank of Canada senior deputy governor Caroline Wilkins was on the wires today stating the QE is an adequate, but not perfect substitute for monetary policy when the interest rate cannot go lower.

    Key Quotes

    Current inflation-targeting framework is working well

    Negative policy interest rates lessens the need to raise inflation target

    2% inflation target means 0% policy rate more likely than before

    Premature to say if negative rates create more demand or not
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