BoC governor’s communication approach under scrutiny


BoC governor’s communication approach under scrutiny
  1. BoC governor’s communication approach under scrutiny
    advisor.ca
    But the jury's still out on whether he needs to change his…
    Finance

The BoC governor’s communications style is under a microscope — but the jury’s still out on whether he needs to change his strategy.

There’s a range of opinions at a BoC conference today about governor Stephen Poloz’s messaging approach ahead of his interest-rate decisions — including a hike last week that caught some analysts by surprise.

Some forecasters have been openly critical of Poloz for not offering more-explicit signals about his intentions in the lead-up to last week’s announcement.

Read: Expect ‘significant’ increase in bond yields: economist

They say the fact that the bank made no public remarks for eight weeks before last week’s rate increase caused significant market uncertainty.

The bank responded with an unusual defence of its decision, which included its argument th…

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