General assessment

Quarterly Bulletin 1982 Q3
Published on 01 September 1982

Hopes of world recovery this year have clearly been set back. At the same time there has been significant progress in reducing the pace of inflation-in many countries rather faster than expected and interest rates have fallen considerably, more especially in the United States. Both developments should to some degree have favourable effects on economic activity. This assessment aims to evaluate these trends as the background to monetary policy in this country.

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