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

郭森房贷

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.

The global economic recovery is proceeding broadly in line with the Bank's projection in its
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
' x- x% k6 c& c# y9 v9 H- I3 lsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
" c; z" g# Y- x, dchallenges associated with sovereign and bank balance sheets will limit the pace of the European
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
" W9 j. |* S& E( T& b/ T! [7 Hemerging-market economies is driving the underlying strength in commodity prices, which could
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
7 e6 Q/ D5 [2 u" p6 X9 X
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
. [" X, q1 D! N' U9 N' K3 V* f7 a% }the anticipated rebalancing of demand. While consumption growth remains strong, there are
- @% N+ F0 u; H6 [8 y) jsigns that household spending is moving more in line with the growth in household incomes.
Business investment continues to expand rapidly as companies take advantage of stimulative
1 l& F: }$ F0 T  s. Tfinancial conditions and respond to competitive imperatives. There is early evidence of a
2 z6 p# y' Q0 L' g) g4 ~0 S3 Zrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
However, the export sector continues to face considerable challenges from the cumulative effects
! E& w& g1 I& V* m6 kof the persistent strength in the Canadian dollar and Canada's poor relative productivity
performance.
$ x& |3 w" I% Q8 a
While global inflationary pressures are rising, inflation in Canada has been consistent with the
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
' C! [& d6 c5 B  Y! O7 K6 Y/ V9 q$ vconsiderable slack in the economy.
* k; C* q( a4 [% K2 X
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
. M+ y0 S# a1 ~, a- b. fat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
* z! b2 {7 \3 h+ l7 b+ S7 X( I2 per cent inflation target in an environment of significant excess supply in Canada. Any further
. f1 Y4 c% H; Z( m" d+ _* ?& y% @reduction in monetary policy stimulus would need to be carefully considered.
% b, a" o9 A" U/ `9 pInformation note:

1 I" i; ]5 C, {  \: G4 DThe next scheduled date for announcing the overnight rate target is 12 April 2011.

小黄

It won't be changed for a long time.

web123

but banks will raise mortgage rate, for sure.