BOC’s Rogers: We are not where we were in July, but a long way from where we need to be

Bank of Canada’s Senior Deputy Gov. Carolyn Rogers:

• We are not where we were in July, but we are a long way from where we need to be
• Bank has seen early signs monetary policy is working
• the bank still sees a path to a stop to soft landing, that’s still our objective
• neutral territory is a range, it’s an estimate, there is no magic formula

There has been a lot of central banks speak from the Swiss National Bank to the Federal Reserve to the ECB, and now additional comments from Bank of Canada. Overall, the currencies are somewhat muted in the response.

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