埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2321|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.
% B( Y/ n; C" r4 n. a( g: {
  ?: b2 `' p7 K3 lThe global economic recovery is proceeding broadly in line with the Bank's projection in its& p- r7 D5 @" l( y
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is; e6 e9 |/ A% n; Z( a
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing3 N7 A3 v1 _- E: S: V2 {
challenges associated with sovereign and bank balance sheets will limit the pace of the European; Q4 b4 A$ V# Q' ~
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
* z: [8 ~; k0 i  `emerging-market economies is driving the underlying strength in commodity prices, which could
  z. o' a+ f7 _/ O0 z- J" J5 e$ R, c' Sbe further reinforced temporarily by supply shocks arising from recent geopolitical events.
$ a7 B6 H5 u/ p& `4 z7 f  _
! j" }! v  W4 I8 `- tThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of: N9 i' S3 {, x! r7 n$ r; B
the anticipated rebalancing of demand. While consumption growth remains strong, there are: O; z/ f$ q4 B: K* w2 I
signs that household spending is moving more in line with the growth in household incomes.
. j9 B) n9 G. [Business investment continues to expand rapidly as companies take advantage of stimulative
) s# d( C0 C- \% {financial conditions and respond to competitive imperatives. There is early evidence of a
, M! W8 q9 Z5 g# Jrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.. G6 r$ O" R9 @- _1 O/ `
However, the export sector continues to face considerable challenges from the cumulative effects
/ t+ f4 ?& x; J" D# |; d7 O( |of the persistent strength in the Canadian dollar and Canada's poor relative productivity
  b, X1 U* v/ [performance.
4 \. ^; _8 p/ V9 ?0 {1 ~* |) A- Z/ ^; a; V- G1 h* H
While global inflationary pressures are rising, inflation in Canada has been consistent with the. N! H, r+ ?: I( L# k
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
6 D' {: u0 E( I9 k. Qconsiderable slack in the economy.
: C( u+ `" E$ u$ R$ c2 P- c* E( v, w7 c
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate& ]* O8 J# P; `1 T/ a9 V# S8 v7 f
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
1 [- X/ U7 S* p9 G3 }$ y5 {9 i8 u2 per cent inflation target in an environment of significant excess supply in Canada. Any further  r) `  c7 `+ ^/ A
reduction in monetary policy stimulus would need to be carefully considered., Z' s. ~4 g* ^5 Q0 |1 t
Information note:
' s$ Y6 {  V% V# U
1 p4 Z$ m0 o5 SThe next scheduled date for announcing the overnight rate target is 12 April 2011.
大型搬家
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, 2026-8-19 17:03 , Processed in 0.082376 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