January 22, 2009
Results of the 22 January 2009 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 22 January 2009 Sale of Treasury Bills for Balance Sheet Management Purposes
The 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.
Erratum: In Table 1 Interest Rates, the column "Estimated variable mortgage rate" should read 5.65 per cent for 4 December 2007 not 5.25.