More BoC's Wilkins: At time of rate hikes we didn't think growth pace was sustainable

Bank of Canada

• There are trade-offs when it comes to monetary policy, micro, macroprudential measures help most on financial stability
• There was no sense at time of rate hikes that we thought pace of growth at time was sustainable
• Recent OSFI rules are good measures but warrants watching impact
• Prudent for central bank to take uncertainty about inflation seriously and watch the data
• The idea of a 'hot or not' economy not really embedded in our thinking

LOL ...

Hot or Not.

That was a fun website. So I've heard.