No direct comments on the outlook

  • Risk management is what monetary policy does

  • Financial vulnerabilities in Canada began to grow in 2014

  • BOC responded to vulnerabilities by cutting rates

  • Mortgage quality improved after macroprudential steps

  • Mortgage holders will eventually feel higher rates

  • High debt levels mean monetary policy has more impact

She's on a panel in Frankfurt so some more comments might cross or she may speak with the media later.