Dep Gov Rogers reiterates that the BOC hopes to publish a central forecast with July's MPR: "certainly it is our intention to get back to a central scenario.. It is our hope and our expectation that that by July, we'll be back there, but we'll need to wait and see."
- In response to a question by MNI about whether the removal of language in the decision statement that the BOC could "act decisively" if the economy clearly moved in one direction, Macklem says: "Each time we write these we have our deliberations, and then we write down what came out of those deliberations... I think, what is there this time that wasn't there last time was, we gave some indication of our our reaction function as we move forward. So, yes... we did repeat that... given the uncertainty remains high, we are continuing to proceed carefully. That means we're being less forward-looking."
- Macklem ends the press conference by noting the recent forest fires in Western Canada which he says "are having an economic impact", though it's too early to give you an estimate".