My sense is that interest rates are likely to be declining in second half of the year: Stephen Poloz
Stephen Poloz, former governor of the Bank of Canada and special advisor at Osler, joins BNN Bloomberg to discuss the Bank of Canada's latest rate decision. Poloz says that the thing that keeps inflation up is inflation expectations, and as the headline rate keeps falling people will be more reassured and things will keep heading back to the 2 per cent expectation. Poloz also comments on his sense of where interest rates might go in the second half of the year, and says that if it's not central bank rates decreasing it will be the bond market that brings things down.