Central Bank officials - UOB

Analysts at UOB Group noted the recent comments from Central Bank officials.

Key Quotes:

"Bank of Canada’s Governor Poloz said the closer economy gets to full output and employment, the greater the risk inflation pressures will appear. 

He reiterates that the central bank will be cautious in making future rate changes while saying the economy likely to require less monetary stimulus over time."

"European Central Bank (ECB)’s Lautenschläger said Eurozone’s economic recovery is robust and confident inflation will pick up. 

She prefers ECB to have a clear exit from QE. ECB’s Draghi calls for a joint effort with banks, regulators and lawmakers to tackle and manage NPLs. He sees little evidence that negative rates have undermined banks’ profitability."