Conditional on the outlook for inflation, the Bank expects the policy rate to remain at its current level until the end of June 2010 in order to achieve the inflation target. The Bank retains considerable additional flexibility, including unconventional measures, as outlined in the principles-based framework in our April Monetary Policy Report. Conclusion Despite the global crisis, the Canadian financial system remains resilient.
The June Tankan (Short-Term Economic Survey of Enterprises in Japan) released by the Bank at the beginning of July 2003 showed that corporate profits were projected to continue their uptrend and also confirmed that business fixed investment was on a recovery trend.