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30 May 2019
Bank of Canada's vice, Wilkins: The economy is on track, relative to April view
In addition to earlier comments, Bank of Canada senior deputy governor, Carolyn A. Wilkins, is being asked questions and has responded with key comments, so far, as follows:
- What's important is what underpins our decision.
- Clouds over trade disputes could clear, which would be an upside risk to Canadian and global economies.
- There are upside and downside risks to bank's forecast of 1.2% GDP growth in 2019.
- The economy is on track, relative to April view.
- Upside and downside risks to BoC forecast of 1.2% growth this year.
- Must pay attention to when yield curves flatten and then invert.
- Historically speaking, that has been a sign of slower growth.
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