000004189 001__ 4189
000004189 003__ CaOOB
000004189 005__ 20250211163913.0
000004189 040__ $$aCaOOB$$beng$$erda
000004189 041__ $$aeng
000004189 043__ $$an-cn---
000004189 245__ $$aMonetary Policy Report Update$$bJuly 2003
000004189 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2003
000004189 269__ $$a2003
000004189 300__ $$a1 online resource (5 pages)
000004189 336__ $$aText
000004189 337__ $$2rdamedia$$acomputer$$bc
000004189 338__ $$2rdacarrier$$aonline resource$$bcr
000004189 347__ $$atext$$bPDF
000004189 520__ $$aSince the April Monetary Policy Report, there have been a number of unanticipated developments that have changed the outlook for inflation and economic activity in Canada. Both inflation and inflation expectations have declined more rapidly than the Bank had expected. Near-term domestic activity has been undercut by the effects of severe acute respiratory syndrome (SARS) and an isolated case of bovine spongiform encephalopathy (BSE) in Canada. Foreign demand for Canadian products has also been weaker than earlier anticipated. As well, the substantial rise in the value of the Canadian dollar against the U.S. dollar will have a dampening effect on the future growth of demand for Canadian goods and services and will contribute to downward pressure on the prices of some components of the CPI. In this context, inflation pressures have eased, more slack is developing in the economy than had been expected, and the output gap at the end of 2003 will be larger than projected in the April Report. It now appears that core inflation will fall below the 2 per cent target by year-end.
000004189 538__ $$aSystem requirements: Adobe Acrobat Reader.
000004189 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada.
000004189 7102_ $$aBank of Canada.
000004189 7750_ $$iFrench version$$tMise à jour du Rapport sur la politique monétaire : juillet 2003$$w4210
000004189 8301_ $$aMPR Update
000004189 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4189/files/mpr_update170703.pdf$$9f75017e0-f57a-47c5-9580-e55c9fdcd7ef$$s31629$$zFile Source: Bank of Canada website, 2024
000004189 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4189$$pbibliographic
000004189 980__ $$aIR
000004189 980__ $$aMonetary Policy Report
000004189 991__ $$aPublic