埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1955|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.5 s; b6 Q+ x( u

5 e4 B8 l/ V/ a% r( `: I' [The global economic recovery is proceeding broadly in line with the Bank's projection in its
' V: h" G% X( x) o7 F; qJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is9 }( [/ G4 i( ?2 b
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
! B) Q8 o1 H, s- }1 d" c- S: xchallenges associated with sovereign and bank balance sheets will limit the pace of the European* |4 o9 |' A! B+ R
recovery and are a significant source of uncertainty to the global outlook. Robust demand from7 G- N- ^, \: `8 J+ L" W
emerging-market economies is driving the underlying strength in commodity prices, which could! C0 Y' S" T1 m# N: j
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
- g% g  U6 Y4 `: |1 I3 ?0 X1 ?
  P* x1 j) M0 g8 @6 e" w+ {The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of( R: l" `3 `- ^9 z" i
the anticipated rebalancing of demand. While consumption growth remains strong, there are+ d. P3 a0 M9 z3 S: v  ]
signs that household spending is moving more in line with the growth in household incomes.
% n& P+ C7 P0 pBusiness investment continues to expand rapidly as companies take advantage of stimulative1 `- V# k" H0 v
financial conditions and respond to competitive imperatives. There is early evidence of a
' s6 d) {3 H5 ^6 o! yrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
% k% n; Y6 |1 r( oHowever, the export sector continues to face considerable challenges from the cumulative effects
4 ~2 K* m7 w6 _2 Uof the persistent strength in the Canadian dollar and Canada's poor relative productivity
7 T; K7 S8 N& }2 x. Bperformance.
3 V4 W# B% B" ?9 x9 O. t
  M& Y7 d" K' cWhile global inflationary pressures are rising, inflation in Canada has been consistent with the8 }& Q6 q( d( U0 q. l' B- b2 N& r4 c
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
. ^, b8 J  A( i8 I+ mconsiderable slack in the economy." d2 a# ~- ?" M, _5 k) u, ]; ]
! p# o/ X; ]2 T7 y3 U3 u5 t
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
1 b+ Q$ R, E9 t; v. V5 O# `at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
) B* U# i0 e0 G$ F+ s% f' f" J, [2 per cent inflation target in an environment of significant excess supply in Canada. Any further) e; |) e3 @' D9 k) P( G
reduction in monetary policy stimulus would need to be carefully considered.) R, L3 d# A" e6 U0 _$ A& U+ W' X
Information note:4 H4 {4 a6 b# K# w
% L: q6 g: a9 e% B
The 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, 2026-5-15 08:30 , Processed in 0.173125 second(s), 13 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