The IMF with words of advice for the BOC. Reuters with the report, in summary:
- strengthening communications could include explanations on how quickly the BoC thinks the policy rate could return to neutral
- can also better communicate on how it views market expectations regarding the evolution of the policy rate
The Bank of Canada fobbed them off:
- "we certainly share the goal of transparency, and a commitment to look at ways for possible improvements"
More at that link above.
