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BOC Sr. Depty Gov Carolyn Wilkins says.......>

CANADA
CANADA: BOC Sr. Depty Gov Carolyn Wilkins says cautious monetary 
policy, as in changing key interest rates, is prudent in uncert times 
such as present. No reference in NY speech to BOC future intentions.But 
cited various uncertainties including NAFTA negotiations,and unsure how 
rate increases cld affect consumer spending. Also future of inflation 
which now at lower end of target.Says in Canada there now is 'grtr 
uncert abt the strength of the mon pol transmission mechanism.' Here, 
cites uncert abt effect rate hikes when household debt so high.BOC 
trying work on understanding triggers financial instability which 
'continues to be a blind spot.' Wilkins spoke to Money Marketeers of New 
York University. 

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