The fourth industrial revolution is already disrupting our economy — that’s why it’s so hard to read
We’re nearing the anniversary (Dec. 5) of the Bank of Canada’s decision to stop its march back to a more normal policy setting. Stephen Poloz, the governor, has used the pause to gather his thoughts on this strange period of low-for-longer-and-longer-and-longer interest rates. His conclusions suggest that borrowing costs will stay low for longer yet.
But if Poloz is right, that won’t be a bad thing, which is a different spin on what you tend to hear about monetary policy these days.
Continue reading at the Financial Post ...