埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1683|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.
# a: O. R) A. o  X( M+ N9 O5 n; }4 w: F* p6 z, @- _# w* n
The global economic recovery is proceeding broadly in line with the Bank's projection in its
! d$ _  w5 K: c& E4 g+ eJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
9 ]8 p# ^) E  A# ]$ nsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing8 n9 `) }+ Y& y4 h+ i; I
challenges associated with sovereign and bank balance sheets will limit the pace of the European2 i( |1 s: {2 A
recovery and are a significant source of uncertainty to the global outlook. Robust demand from/ |2 m7 Y1 H. b
emerging-market economies is driving the underlying strength in commodity prices, which could# [+ T0 f& X; C$ k% Z
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
) @6 z- e! J7 g9 M2 C3 F( l
4 D) o+ [( z5 }1 e: eThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of2 C  m" [6 ?+ f
the anticipated rebalancing of demand. While consumption growth remains strong, there are
7 }1 X' P6 q8 d( psigns that household spending is moving more in line with the growth in household incomes.
, A2 C/ @8 Q" I$ [Business investment continues to expand rapidly as companies take advantage of stimulative7 M$ b5 E1 F9 M" z# I- k5 w  @% [$ O
financial conditions and respond to competitive imperatives. There is early evidence of a
! U0 n9 A7 F( e4 \& t, Precovery in net exports, supported by stronger U.S. activity and global demand for commodities.
/ d9 ^1 j( b; b/ pHowever, the export sector continues to face considerable challenges from the cumulative effects
& ?& z) e% |1 N2 fof the persistent strength in the Canadian dollar and Canada's poor relative productivity8 g( [" K6 H- z" d: `- n
performance.) e, k1 G5 M4 q

; k9 t, R% _5 J2 n' `7 KWhile global inflationary pressures are rising, inflation in Canada has been consistent with the3 J6 c0 T( b$ z7 }. K# l! L
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the( l/ m  Z' g  `4 h* U7 u
considerable slack in the economy.
' c9 [' o( B5 N& [$ y9 d; r% C+ s4 v2 f" P: V) ?
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
7 V. @9 ^( l& y, yat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
, g  I9 X7 b0 F4 l2 per cent inflation target in an environment of significant excess supply in Canada. Any further
  h" G  Y7 X* F1 oreduction in monetary policy stimulus would need to be carefully considered.
8 v; Q* F5 j) YInformation note:. C1 u7 U2 M) J5 h- P

/ O$ t3 Y% t9 s" x2 q6 jThe 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, 2026-2-13 19:44 , Processed in 0.153525 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