* Does not yet see need for quantitative, credit easing

* Foresees further shocks, job losses

* Encouraged by capital, interbank lending market thaw

By Jeffrey Hodgson

TORONTO, May 6 (Reuters) - The Bank of Canada sees no need yet to use unconventional policy to boost the country's slumping economy and is encouraged by signs that capital and interbank markets are thawing, Governor Mark Carney said on Wednesday.

But the head of Canada's central bank warned he expects job losses will worsen and that there will be more shocks and setbacks.

The Bank of Canada last month cut its benchmark interest rate to 0.25 percent -- its lowest level in history -- and made a conditional pledge to keep it there for more than a year.

It also laid out a framework for quantitative easing -- or printing money to buy market securities -- but disappointed many market players by not announcing specific plans.

"The position where we are right now is, we think, our overall stance in policy is sufficient -- the combination of where rates are and our conditional commitment," he told a Senate committee.