BoC's Poloz: Every one of our interest rate meetings is live

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press with key quotes found below.

• Levels are stabilising in many housing markets, including Toronto and Vancouver.
• Removal of word "gradual" permits us to raise rates at a faster pace and also at a slower pace, depending on developments.
• Would not describe neutral rate as ‘cap’.
• Every one of our interest rate meetings is live; use of the word "gradual" didn't mean we would only move every other meeting, as some in markets thought.
• You see the same data as we do, it shouldn't be too hard to make an educated guess about where we are going.

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About Stephen Poloz (via bankofcanada.ca)

"Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas."