Bank of Canada governor hints he will raise interest rates even if he doesn't have to
Disruption caused by digital technologies is making the job of central bankers harder.
That was the essence of a speech by Bank of Canada governor Stephen Poloz at this weekend's annual shindig for central bankers in Jackson Hole, Wyo.
In a speech titled "The Fourth Industrial Revolution and Central Banking," the governor hinted at an interest rate hike.
Digital disruption is making data harder to read, and what Poloz described as "augmented uncertainty" may mean he will lift interest rates even though he strictly doesn't have to.