Interest rate cuts are no cure-all in a trade war, Bank of Canada’s Poloz warns

Financial Post | Jul 11, 2019 at 2:03 PM
  • Investors may think central banks can prevent a trade war-induced recession by cutting interest rates.
  • The Bank of Canada left its policy rate unchanged at 1.75 per cent, citing ongoing trade uncertainty hindering growth, despite a rebound in recent economic data.
  • The Monetary Policy Report released by the central bank shed further light on these mixed signals sent by financial markets.