000004017 001__ 4017
000004017 003__ CaOOB
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000004017 022__ $$a1201-8783
000004017 040__ $$aCaOOB$$beng$$erda
000004017 041__ $$aeng
000004017 043__ $$an-cn---
000004017 245__ $$aMonetary Policy Report$$bApril 2003
000004017 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2003
000004017 269__ $$a2003
000004017 300__ $$a1 online resource (29 pages)
000004017 336__ $$aText
000004017 337__ $$2rdamedia$$acomputer$$bc
000004017 338__ $$2rdacarrier$$aonline resource$$bcr
000004017 347__ $$atext$$bPDF
000004017 520__ $$aThe global economic outlook has been clouded by a high degree of uncertainty, accentuated most recently by the war in Iraq. This uncertainty has been an important factor in the recent marked volatility in world oil prices and financial markets. Some of the geopolitical and financial uncertainty has lifted more recently, and in its base-case scenario the Bank of Canada assumes that these uncertainties will continue to recede. As a result, confidence among businesses, households, and financial markets is expected to improve significantly by year-end. Nevertheless, global economic uncertainty remains important, especially in the near term. The Bank now projects that economic expansion in both the United States and Canada will begin to strengthen towards the end of this year and will be above the growth of potential output during 2004. The scope for above-potential growth is greater in the United States than in Canada because of the larger amount of excess capacity in the United States. There is, however, a wide range of possible outcomes, both stronger and weaker, around this base-case view. The result will depend critically on the evolution of business and household confidence and global economic uncertainty. The Bank will, therefore, be paying close attention to these factors over the coming months. Nevertheless, most important in these times of uncertainty is the Bank’s continued focus on taking the appropriate actions that, cumulatively, will return inflation to our 2 per cent target for inflation control.
000004017 538__ $$aSystem requirements: Adobe Acrobat Reader.
000004017 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada.
000004017 7102_ $$aBank of Canada.
000004017 7750_ $$iFrench version$$tRapport sur la politique monétaire : avril 2003$$w4064
000004017 789__ $$tMonetary Policy Report Summary : April 2003$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4101
000004017 8301_ $$aMonetary Policy Report
000004017 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4017/files/mprapril03.pdf$$93bba150c-9673-469c-b63e-bfe81c8e3223$$s149980$$zFile Source: Bank of Canada website, 2024
000004017 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4017$$pbibliographic
000004017 980__ $$aIR
000004017 980__ $$aMonetary Policy Report
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