000004009 001__ 4009 000004009 003__ CaOOB 000004009 005__ 20250211163937.0 000004009 022__ $$a1201-8783 000004009 040__ $$aCaOOB$$beng$$erda 000004009 041__ $$aeng 000004009 043__ $$an-cn--- 000004009 245__ $$aMonetary Policy Report$$bMay 1999 000004009 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c1999 000004009 269__ $$a1999 000004009 300__ $$a1 online resource (34 pages) 000004009 336__ $$aText 000004009 337__ $$2rdamedia$$acomputer$$bc 000004009 338__ $$2rdacarrier$$aonline resource$$bcr 000004009 347__ $$atext$$bPDF 000004009 520__ $$aSix months ago, at the time of the last Monetary Policy Report, the global economic and financial environment was volatile and highly uncertain because of the adverse situation in Asia and the fallout from the Russian debt moratorium. Many emerging-market economies, particularly in Latin America, were hit by large capital outflows. And, as nervous investors sought safe havens, interest rate spreads on emerging-market debt widened dramatically, as did those between corporate and government bonds in the industrial countries. Since then, the situation in global financial markets has improved. Interest rate cuts by central banks in all major countries have helped to rebuild investor confidence. 000004009 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004009 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004009 7102_ $$aBank of Canada. 000004009 7750_ $$iFrench version$$tRapport sur la politique monétaire : mai 1999$$w4056 000004009 8301_ $$aMonetary Policy Report 000004009 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf$$9eb2933bc-f435-405e-8ef7-b17dccd41d56$$s303886$$zFile Source: Bank of Canada website, 2024 000004009 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4009$$pbibliographic 000004009 980__ $$aIR 000004009 980__ $$aMonetary Policy Report 000004009 991__ $$aPublic