TORONTO, April 23 (Reuters) - The Bank of Canada will not need to take unconventional policy measures unless there is a big shock to the economy, Governor Mark Carney said on Thursday.
'All things being equal, in the absence of any negative shock, major negative shock to the economy, we would not need to put into effect any aspect of this framework that we announced today,' Carney said on the Canadian Broadcasting Corp.
Earlier, the central bank released its economic outlook and provided a framework for taking additional measures, including an expansion of the money supply through purchasing financial assets in the market.
(Reporting by Ka Yan Ng; editing by Peter Galloway) Keywords: CANADA ECONOMY/BANKOFCANADA SHOCK (kayan.ng@reuters.com; Reuters Messaging: kayan.ng.reuters.com@reuters.net; 1-416-941-8109) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'All things being equal, in the absence of any negative shock, major negative shock to the economy, we would not need to put into effect any aspect of this framework that we announced today,' Carney said on the Canadian Broadcasting Corp.
Earlier, the central bank released its economic outlook and provided a framework for taking additional measures, including an expansion of the money supply through purchasing financial assets in the market.
(Reporting by Ka Yan Ng; editing by Peter Galloway) Keywords: CANADA ECONOMY/BANKOFCANADA SHOCK (kayan.ng@reuters.com; Reuters Messaging: kayan.ng.reuters.com@reuters.net; 1-416-941-8109) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.