000004200 001__ 4200 000004200 003__ CaOOB 000004200 005__ 20250211163914.0 000004200 022__ $$a1495-8473 000004200 022__ $$a1495-947X 000004200 040__ $$aCaOOB$$beng$$erda 000004200 041__ $$aeng 000004200 043__ $$an-cn--- 000004200 245__ $$aMonetary Policy Report Update$$bJanuary 2009 000004200 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2009 000004200 269__ $$a2009 000004200 300__ $$a1 online resource (9 pages) 000004200 336__ $$aText 000004200 337__ $$2rdamedia$$acomputer$$bc 000004200 338__ $$2rdacarrier$$aonline resource$$bcr 000004200 347__ $$atext$$bPDF 000004200 500__ $$aErratum: In Table 1 Interest Rates, the column "Estimated variable mortgage rate" should read 5.65 per cent for 4 December 2007 not 5.25. 000004200 520__ $$aThe outlook for the global economy has deteriorated significantly since the October Monetary Policy Report. The financial crisis intensified last autumn and spilled over into an already weak global economy, which, in turn, put further strains on the financial system. This dynamic contributed to heightened uncertainty and a collapse of confidence, compounding the situation. The major advanced economies, including Canada, are now in recession, and emerging market countries are increasingly affected. In response to the sudden downturn in global demand, there have been further declines in commodity prices, especially for energy, and global inflationary pressures have abated rapidly. Policy-makers have responded to the fall in global economic activity with bold and concerted policy actions. 000004200 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004200 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004200 7102_ $$aBank of Canada. 000004200 7750_ $$iFrench version$$tMise à jour du Rapport sur la politique monétaire : janvier 2009$$w4221 000004200 8301_ $$aMPR Update 000004200 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4200/files/update220109.pdf$$97367a523-8f03-4fbf-9479-977b9de177e6$$s122961$$zFile Source: Bank of Canada website, 2024 000004200 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4200$$pbibliographic 000004200 980__ $$aIR 000004200 980__ $$aMonetary Policy Report 000004200 991__ $$aPublic