Lawrence Schembri

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Last quote by Lawrence Schembri

As we see progress being made on a sustained basis to closing that output gap, then we'll start looking at the decision to raise rates. But at the same time, we have to take into account there are these downside risks that I've talked about and they could slow down the rate at which we close the output gap, so that would affect our decision. While the headline (GDP) number is welcome news, a more detailed analysis suggests continued scope for caution. Exports continue to face ongoing competitiveness challenges.feedback
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Mar 21 2017
Lawrence Schembri has most recently been quoted in an article called Weak business investment still a concern: Bank of Canada. Lawrence Schembri said, “As we see progress being made on a sustained basis to closing that output gap, then we'll start looking at the decision to raise rates. But at the same time, we have to take into account there are these downside risks that I've talked about and they could slow down the rate at which we close the output gap, so that would affect our decision. While the headline (GDP) number is welcome news, a more detailed analysis suggests continued scope for caution. Exports continue to face ongoing competitiveness challenges.”.
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