Stephen Poloz’s Press Conference Live – BOC Interest Rate Decision

The Bank of Canada will hold its monetary policy meeting at 14 GMT today. In addition, Governor Stephen Poloz and Deputy Governor Caroline Wilkins will hold a press conference at 15:15GMT.

The BoC is expected to keep the key rate unchanged today, while consensus points to a balanced tone at the subsequent press conference, leaving the door open for extra tightening in the next months. It is worth mentioning that markets remain biased to a rate hike at the July meeting.