000004188 001__ 4188 000004188 003__ CaOOB 000004188 005__ 20250211163912.0 000004188 040__ $$aCaOOB$$beng$$erda 000004188 041__ $$aeng 000004188 043__ $$an-cn--- 000004188 245__ $$aMonetary Policy Report Update$$bJanuary 2003 000004188 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2003 000004188 269__ $$a2003 000004188 300__ $$a1 online resource (6 pages) 000004188 336__ $$aText 000004188 337__ $$2rdamedia$$acomputer$$bc 000004188 338__ $$2rdacarrier$$aonline resource$$bcr 000004188 347__ $$atext$$bPDF 000004188 520__ $$aAt the time of the October Monetary Policy Report, the Bank projected that core inflation would rise in the fourth quarter of 2002, reflecting a combination of one-off factors - including the rise in insurance premiums - and the “echo effect” from developments towards the end of 2001. It was expected that the overall impact of these factors would peak in the fourth quarter, with core inflation reaching about 3 per cent at year-end, and that these effects would diminish through 2003. Thus, core inflation and total CPI inflation were expected to return to 2 per cent in the second half of 2003. Rates of inflation since the October Report have come in somewhat higher than expected. This reflects not only a stronger-than-expected increase in insurance premiums but also some broadening of price pressures. 000004188 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004188 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004188 7102_ $$aBank of Canada. 000004188 7750_ $$iFrench version$$tMise à jour du Rapport sur la politique monétaire : janvier 2003$$w4209 000004188 8301_ $$aMPR Update 000004188 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4188/files/mpr_update230103.pdf$$95d17f72e-1f88-488d-b682-2083b8103a78$$s58743$$zFile Source: Bank of Canada website, 2024 000004188 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4188$$pbibliographic 000004188 980__ $$aIR 000004188 980__ $$aMonetary Policy Report 000004188 991__ $$aPublic