Release of the Monetary Policy Report

October 29, 2012

The following is excerpted from a 24 October 2012 speech by Mark Carney, Governor of the Bank of Canada.

Good morning. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published this morning.

The global economy has unfolded broadly as the Bank projected in its July MPR. Growth has slowed in all major regions. The economic expansion in the United States is progressing at a gradual pace. Europe is in recession and recent indicators point to a continued contraction.
In China and other major emerging economies, growth has slowed somewhat more than expected. However, there are signs of stabilization around current growth rates.

This speech is available in its entirety at:
http://www.bankofcanada.ca/2012/10/speeches/opening-statement-2/

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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