BoC press conference - Stephen Poloz speech - Live stream - Oct. 24

The Bank of Canada decided to raise its overnight rate target to 1.75% on Wednesday and said that the Governing Council agreed that the policy interest rate will need to rise to a neutral stance to achieve the inflation target. At 15:15 GMT, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins will be delivering their remarks on the monetary policy outlook and will also respond to questions in a press conference.

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Bank of Canada raises policy rate by 25 bps to 1.75%.

"The global economic outlook remains solid. The US economy is especially robust and is expected to moderate over the projection horizon, as forecast in the Bank’s July Monetary Policy Report (MPR)," the BoC said in its statement.

About Stephen Poloz (via bankofcanada.ca)

"Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas."