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

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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.8 B! j+ j  K2 v5 R8 C$ ~3 Y4 C9 Y+ p9 T
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The global economic recovery is proceeding broadly in line with the Bank's projection in its  S( [! _) a1 J: X, W
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
! m4 u. g! j2 q6 r! j3 o( Bsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing& G3 J# s1 e& N7 X# O3 ?0 m
challenges associated with sovereign and bank balance sheets will limit the pace of the European
0 a  |  U- i2 v- d& Z2 f9 Frecovery and are a significant source of uncertainty to the global outlook. Robust demand from
! E; h  h: T2 d$ C* P; ~. demerging-market economies is driving the underlying strength in commodity prices, which could: t6 {. S4 W9 v/ j9 R9 U1 l
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
1 P8 U" s4 S5 j) h- I7 z8 t& y5 n' Y  ?0 o
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
* U+ M% f% K& D9 F4 nthe anticipated rebalancing of demand. While consumption growth remains strong, there are$ I% O' }) ^% R1 E
signs that household spending is moving more in line with the growth in household incomes." B/ Z' L9 u3 Q# w3 U; F7 t
Business investment continues to expand rapidly as companies take advantage of stimulative
; B7 u  Z) k) e" I+ `financial conditions and respond to competitive imperatives. There is early evidence of a  [' H. `- }: X
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.3 f, S5 o9 @# b1 G% q2 |/ M
However, the export sector continues to face considerable challenges from the cumulative effects) I% X% r; {$ |. ]
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
& {8 ], U6 G  t4 r6 ^$ G. h1 dperformance.1 A6 {5 Y5 L0 l( z% [6 @

" [; B; j# p. @+ D0 d" Y7 ]While global inflationary pressures are rising, inflation in Canada has been consistent with the' S7 \* A0 E6 |9 z( n& Y
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
5 ?; ?7 T$ ~, @9 @/ j/ Zconsiderable slack in the economy." o! X& ?# g  E$ y+ W7 l
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Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate; n/ M! B9 y4 @/ }" ^
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the9 S2 _; Q/ o! [) p
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
2 v# s# z) M1 K' ]6 O/ Dreduction in monetary policy stimulus would need to be carefully considered.5 K# g- B! E% I0 N
Information note:
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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.
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