000004007 001__ 4007 000004007 003__ CaOOB 000004007 005__ 20250211163937.0 000004007 022__ $$a1201-8783 000004007 040__ $$aCaOOB$$beng$$erda 000004007 041__ $$aeng 000004007 043__ $$an-cn--- 000004007 245__ $$aMonetary Policy Report$$bMay 1998 000004007 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c1998 000004007 269__ $$a1998 000004007 300__ $$a1 online resource (38 pages) 000004007 336__ $$aText 000004007 337__ $$2rdamedia$$acomputer$$bc 000004007 338__ $$2rdacarrier$$aonline resource$$bcr 000004007 347__ $$atext$$bPDF 000004007 520__ $$aCanada’s inflation-control targets establish a specific medium-term objective for monetary policy. In February 1998, the target of holding consumer price inflation inside a range of 1 to 3 per cent was extended jointly by the Government of Canada and the Bank of Canada to the end of 2001. The Bank also indicated that there would be no change in the way in which policy was conducted under the targets (see the appendix, page 33). Because of the lags between the Bank’s policy actions and their ultimate effect on inflation, policy decisions have to be forward- looking. Consequently, these decisions are necessarily based on projections of an uncertain future and must respond to unexpected events, both economic and financial. 000004007 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004007 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004007 7102_ $$aBank of Canada. 000004007 7750_ $$iFrench version$$tRapport sur la politique monétaire : mai 1998$$w4054 000004007 8301_ $$aMonetary Policy Report 000004007 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4007/files/mpr_apr_1998.pdf$$943631de3-c148-46e5-8214-1869d481cffd$$s299910$$zFile Source: Bank of Canada website, 2024 000004007 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4007$$pbibliographic 000004007 980__ $$aIR 000004007 980__ $$aMonetary Policy Report 000004007 991__ $$aPublic