BOC’s Poloz: Our model now has 50% more interest rate sensitivity in it than historically

Reuters is out with some comments delivered by the Bank of Canada (BOC) Governor Stephen Poloz, in an interview with the CBC to be aired later on Thursday.

Key Headlines:

“High household debt made is weary from the beginning that each hike would have more of an impact than before.

Our research expanded on that and our model now has 50% more interest rate sensitivity in it than historically.

The model has done a good job over the past 12 months, our confidence is growing that we've got that just about right.”