埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2191|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.
; l/ z9 a0 G1 z9 d$ E7 G, t3 J" |% @% _4 f% K+ J
The global economic recovery is proceeding broadly in line with the Bank's projection in its
% ~9 u  h7 t# u4 ~' E6 V% R* L% yJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
5 G- W  v' Q) b" Ssolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
4 f5 _5 s* F6 A4 }challenges associated with sovereign and bank balance sheets will limit the pace of the European
6 E) j3 K, t$ f( K( _& P- T$ erecovery and are a significant source of uncertainty to the global outlook. Robust demand from
8 c( }/ \" J! i/ h7 V7 {emerging-market economies is driving the underlying strength in commodity prices, which could$ }! v4 Z2 N& u1 h% `9 N  N; d" w
be further reinforced temporarily by supply shocks arising from recent geopolitical events.* j6 ^$ Q, S! q# s
6 P( b/ H" {: M% n5 Z
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of( ^4 y* i* v: U, G& `5 K
the anticipated rebalancing of demand. While consumption growth remains strong, there are( O) H& J0 H" m' M
signs that household spending is moving more in line with the growth in household incomes.) ^* D: ]1 v" M. I
Business investment continues to expand rapidly as companies take advantage of stimulative1 u1 _! o, K# V# {  k3 F6 z% [
financial conditions and respond to competitive imperatives. There is early evidence of a
) |1 [& z4 H6 h# u  k7 Y: nrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.& c& i5 N) d& |; B& T! u' [
However, the export sector continues to face considerable challenges from the cumulative effects5 W, g: z8 M& H% j
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
$ Z7 U0 }' q! Operformance.
1 Z, [  \- ], N! a
, C. Q# {. x/ r& N4 {5 {" iWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
% d  h( G+ V" V. ^; z/ ^) G4 LBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the: c& E( j! S  ~0 d( p4 D
considerable slack in the economy.
$ Y1 _" k- s6 `6 c4 H0 ~5 C: U4 R! _' d+ h* ~7 O$ R0 @
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
+ `$ q! i! w) R+ Pat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 S1 j5 D$ Z& J2 per cent inflation target in an environment of significant excess supply in Canada. Any further: n/ _' i! x2 Y' O" j
reduction in monetary policy stimulus would need to be carefully considered.
. M/ s* `& O+ D- _2 Q3 c9 PInformation note:
7 u, J7 w1 v/ x. ], S. @
% N8 H) Q9 d3 [* M+ C, dThe 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, 2026-7-15 20:50 , Processed in 0.125560 second(s), 15 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