BoC's Gravelle: Will deploy operations as needed to control policy rate amid repo imbalances; won't react to every small deviation, which can provide helpful market signals, only tolerate so much upward pressure on CORRA, as large deviations can disrupt policy transmission
BoC's Gravelle: Will deploy operations as needed to control policy rate amid repo imbalances; won't react to every small deviation, which can provide helpful market signals, only tolerate so much upward pressure on CORRA, as large deviations can disrupt policy transmission