埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2131|回复: 2

MARCH 1st, 2011 -BANK OF CANADA- NO CHANGE FOR THE OVERNIGHT RATE(ZT)

[复制链接]
鲜花(65) 鸡蛋(0)
发表于 2011-3-1 09:07 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
% ~( U2 r% P7 b7 l+ A9 x% P$ ]4 Y; t& j
The global economic recovery is proceeding broadly in line with the Bank's projection in its3 C% @$ `; m4 z2 ]8 J# k
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is/ A  E# h" U/ k# ]
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
4 I) e, U- k2 ~2 m) hchallenges associated with sovereign and bank balance sheets will limit the pace of the European$ C1 ^6 @  R# g7 T
recovery and are a significant source of uncertainty to the global outlook. Robust demand from+ F, P4 s9 O/ X
emerging-market economies is driving the underlying strength in commodity prices, which could5 O+ \0 M5 a3 p, {3 C
be further reinforced temporarily by supply shocks arising from recent geopolitical events.6 h9 I' v- {' i  H$ U( P

. ], j% N  r8 ?; t* w- C7 ]The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of7 ^# A$ Y/ T$ F. ]1 L& s
the anticipated rebalancing of demand. While consumption growth remains strong, there are
; ?2 I3 t6 B3 `: A0 o% [; Ysigns that household spending is moving more in line with the growth in household incomes.
3 M' m: `" [3 SBusiness investment continues to expand rapidly as companies take advantage of stimulative# ]4 T( T3 z$ l# J  f" |6 T' E/ ?: B
financial conditions and respond to competitive imperatives. There is early evidence of a- A5 Y# c- Q# d; x
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.% T8 b, Y  K0 h7 m; y
However, the export sector continues to face considerable challenges from the cumulative effects4 f( d  q% v5 k" Z
of the persistent strength in the Canadian dollar and Canada's poor relative productivity- F7 y) K4 |+ ?+ Q. }3 d
performance." P- k5 }% r  g5 {( f
4 X6 t* V0 s4 f) K/ a# s! W' g
While global inflationary pressures are rising, inflation in Canada has been consistent with the
2 P4 S) ~- S7 o% P0 D5 p6 _6 V* z6 GBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
5 V* q; Y7 d3 ~4 B. J7 V$ uconsiderable slack in the economy.7 F# P! G" }7 r9 f

5 m1 A  `. @7 y! v4 w$ \- UReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
8 V+ R9 _% W7 j* Dat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
0 d. b& T( N: e$ I( a4 O1 @2 per cent inflation target in an environment of significant excess supply in Canada. Any further
/ B$ K' P  _( V5 M. s+ l6 ?$ `reduction in monetary policy stimulus would need to be carefully considered.
5 d" j" `% r0 l1 t' G- hInformation note:
  k  b; g3 @, p  \8 j
# u$ _0 [8 R9 L9 @% oThe next scheduled date for announcing the overnight rate target is 12 April 2011.
鲜花(1181) 鸡蛋(48)
发表于 2011-3-1 09:32 | 显示全部楼层
It won't be changed for a long time.
鲜花(0) 鸡蛋(0)
发表于 2011-3-1 11:37 | 显示全部楼层
but banks will raise mortgage rate, for sure.
您需要登录后才可以回帖 登录 | 注册

本版积分规则

联系我们|小黑屋|手机版|Archiver|埃德蒙顿中文网

GMT-7, 2026-7-3 18:50 , Processed in 0.291121 second(s), 14 queries , Gzip On, APC On.

Powered by Discuz! X3.4

Copyright © 2001-2021, Tencent Cloud.

快速回复 返回顶部 返回列表