BoC's Poloz: Positive outlook is consistent with the current interest rate setting

Following the Bank of Canada's decision to keep the overnight rate target unchanged at 1.75%, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are delivering their remarks on the monetary policy outlook with key quotes, via Reuters, found below.

• Positive outlook is consistent with the current interest rate setting.
• Monitoring developments in household spending, oil markets, and global trade policy.
• Important to emphasize we will continue to evaluate appropriate degree of  monetary policy accommodation as new data arrive.
• Chose to remove reference to need for rates to return into neutral range, which we have revised to 2.25–3.25%.
• Positive outlook is consistent with the current interest rate setting.