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

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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.
1 |9 [8 C& H" z) @0 ^+ D$ g! z
+ e. w( a. g7 g4 e7 kThe global economic recovery is proceeding broadly in line with the Bank's projection in its
& @( }( E( B0 e+ D: b% iJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
0 X5 L  p' a7 D! n  v8 ]* u% }solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing$ t( ?; F  W% Y& Q
challenges associated with sovereign and bank balance sheets will limit the pace of the European
7 w; ?" Z* O: _* e$ [( t+ j! erecovery and are a significant source of uncertainty to the global outlook. Robust demand from
" O5 w  Y7 H* t! P% Pemerging-market economies is driving the underlying strength in commodity prices, which could
/ M! k+ f6 |! n) J* }be further reinforced temporarily by supply shocks arising from recent geopolitical events.
. a  Z( {3 _5 B1 t$ [& c4 Q
" S/ c1 {% R; c# {# X4 \+ TThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of& a4 W+ I% k" U; W9 o  {& A
the anticipated rebalancing of demand. While consumption growth remains strong, there are
0 }6 k0 m  X5 Y9 L+ O: Rsigns that household spending is moving more in line with the growth in household incomes.
7 V7 D0 f' A" f  sBusiness investment continues to expand rapidly as companies take advantage of stimulative
& U. \* V" m, n* L) R8 j: s& i& [financial conditions and respond to competitive imperatives. There is early evidence of a
) t1 i* V; C) @recovery in net exports, supported by stronger U.S. activity and global demand for commodities.% R. f& g, x' r' h2 `9 ?3 j% W7 y
However, the export sector continues to face considerable challenges from the cumulative effects; |9 L; m' ?7 `! K% h# T) G" D
of the persistent strength in the Canadian dollar and Canada's poor relative productivity) @5 ~  ~0 D+ z! O  n' r! x
performance.
7 n8 s; _% N, K3 x6 Z$ Q( R8 r, o: \2 X. j2 N2 P
While global inflationary pressures are rising, inflation in Canada has been consistent with the
6 D/ D3 M) C8 c1 z! B  PBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the/ n1 a& l: a; u4 I# q7 _$ }
considerable slack in the economy.
, o1 x" I& F- I- j% n
- j0 a% x+ H  N1 I+ a, zReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate( R( h: B8 p7 d; O
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
+ S6 ?9 x4 }6 z) ]2 per cent inflation target in an environment of significant excess supply in Canada. Any further
! U; R& f- c. ?+ a( v3 p# Lreduction in monetary policy stimulus would need to be carefully considered.- N5 l# k0 i, L+ `+ X" z
Information note:
9 K* A# M3 ~; k# h7 B( c
0 A7 {  e" U3 `1 M4 F! 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.
大型搬家
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.
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