埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2415|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.
# G3 v6 V% H/ Z  d$ M1 z3 @$ x. ]  S1 ^1 f* ]+ r: l# Y
The global economic recovery is proceeding broadly in line with the Bank's projection in its
$ H9 E$ b- z* N0 _2 `+ hJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is6 i5 ~# \7 }0 y
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
5 t# }1 M' Z' i& X5 a4 `challenges associated with sovereign and bank balance sheets will limit the pace of the European9 }- ^7 |2 k! }
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
7 f8 q) f  w3 G; o" ?emerging-market economies is driving the underlying strength in commodity prices, which could6 M) x4 i. y# a6 U2 Z' C5 p
be further reinforced temporarily by supply shocks arising from recent geopolitical events.! h% P& \. F0 g5 j" d* I
; l4 m" x8 ]2 M3 }
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
; K+ E% ^: k& x. J" Hthe anticipated rebalancing of demand. While consumption growth remains strong, there are
- [" o% c3 |0 wsigns that household spending is moving more in line with the growth in household incomes.
- u" p+ o2 Q) s' D& {Business investment continues to expand rapidly as companies take advantage of stimulative3 W' s% f7 i; |3 A( @9 J1 [
financial conditions and respond to competitive imperatives. There is early evidence of a
# j9 T5 f7 P! U% C5 D5 g' drecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
/ R1 T/ S3 a4 O5 m( W6 L. GHowever, the export sector continues to face considerable challenges from the cumulative effects
4 b$ l1 @5 e0 O+ d2 fof the persistent strength in the Canadian dollar and Canada's poor relative productivity
. @) ]$ Q/ m: [3 e# rperformance.
) u8 p; V( k" b5 R
! y" c' y% }0 ?! gWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
1 F6 ?# e/ L& i  tBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the  W3 H* z5 Z" K( j" Z
considerable slack in the economy.4 b0 ~9 W! K. o' P
$ l; F; |2 p5 r1 j1 o
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
0 m1 y" E6 t, Xat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
" p; z# t9 W$ h) ~; I2 per cent inflation target in an environment of significant excess supply in Canada. Any further3 ]# q3 K  [4 M. G7 [5 h3 x3 J
reduction in monetary policy stimulus would need to be carefully considered.
3 z0 m& e1 h/ z& eInformation note:
) x7 I& A$ G4 c2 }  T+ X2 S1 f# E
+ a% z! q4 S3 Z- l0 E: E, OThe 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, 2026-9-9 13:28 , Processed in 0.571036 second(s), 15 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