BRIEF-Bank of Canada says rate cut reduced downside inflation risk
June 11 (Reuters) -
* Bank of Canada's Poloz: January rate cut reduced downside risk to inflation
* Bank of Canada's Poloz: rate cut helped mitigate risk to financial system by addressing drop in income and jobs caused by oil price shock
* BoC's Poloz: effect of cheap oil on incomes should be partly offset by cheaper gas, stronger U.S. growth, lower C$, impact of easier monetary policy
* BoC's Poloz: probability that a sharp correction in house prices will materialize remains low; not seeing conditions that would lead to severe recession and steep rise in joblessness Source text for Eikon: (here) Further company coverage: (Reporting by Randall Palmer and David Ljunggren; Editing by Jeffrey Hodgson)
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