@article{Monetary:4018,
      recid = {4018},
      title = {Monetary Policy Report October 2003},
      address = {2003},
      pages = {1 online resource (32 pages)},
      abstract = {In the April Monetary Policy Report, the Bank noted that  inflation was well above its 2 per cent target and that  short-term inflation expectations had edged up. Although  inflation was being pushed up by special factors,  particularly insurance premiums and energy costs, there  were also signs that strong domestic demand was working to  broaden price pressures. In April, we projected that  Canadian economic growth would average 2 1/2 per cent in  the first three quarters of the year and that core  inflation would fall to 2 per cent by early 2004. As it  turns out, growth has been weaker than expected and is now  likely to average just over 1 1/2 per cent in the first  three quarters of the year. So the Bank now estimates that  there is more slack in the economy than was projected in  April. Moreover, the decline in core inflation occurred  earlier, and has been more pronounced, than we had  projected. As well, virtually all measures of inflation  expectations have decreased since April.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4018},
}