Stephen S Poloz: Release of the Monetary Policy Report Opening statement by Mr Stephen S Poloz, Governor of the Bank of Canada, at the press conference following the release of the Monetary Policy Report, Ottawa, Ontario, 22 January 2020. * * * Good morning.
Senior Deputy Governor Wilkins and I are glad to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). Before turning to your questions, let me briefly summarize the substance of Governing Council’s deliberations. You will recall that in October we were most occupied with the deteriorating global outlook.