埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2046|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.+ j6 w( R4 b( c- Q1 x/ T

; O  |) ]+ u3 r8 t) X; rThe global economic recovery is proceeding broadly in line with the Bank's projection in its
1 x+ `2 o2 X! U  {5 J; IJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is; N5 e/ j- W6 I. `2 ~0 \9 v
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
. X2 K7 |' t6 G: nchallenges associated with sovereign and bank balance sheets will limit the pace of the European: c  e3 E  k/ s, W1 ~9 X1 j. b
recovery and are a significant source of uncertainty to the global outlook. Robust demand from: F4 G: n) y: d) P8 U
emerging-market economies is driving the underlying strength in commodity prices, which could$ b) W6 f) g! D
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
& J8 k% r4 h+ v, b
# m: V8 }1 M: H1 m: K4 i& O! ]& KThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
/ Q& N" o5 V" _  w( }% r3 Sthe anticipated rebalancing of demand. While consumption growth remains strong, there are3 |/ \& I! a, r& v8 e) E
signs that household spending is moving more in line with the growth in household incomes.
% k- z$ o% j5 a, x3 `6 s$ ZBusiness investment continues to expand rapidly as companies take advantage of stimulative
8 u! g4 B2 J' `: X8 O  \9 [8 W9 zfinancial conditions and respond to competitive imperatives. There is early evidence of a
) [; T- E  v  l/ P: K0 t! u! Nrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
0 f$ g$ r6 u3 K6 z0 m# ]However, the export sector continues to face considerable challenges from the cumulative effects
. i# X2 d! e3 h9 aof the persistent strength in the Canadian dollar and Canada's poor relative productivity9 R/ W, a! N% F$ ]% H- h
performance.5 i# T/ a/ Z  b$ G

( t3 V* B% {4 n$ ZWhile global inflationary pressures are rising, inflation in Canada has been consistent with the: K4 j  G+ j/ z; _
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
+ K& k- H( ~4 [6 p! @considerable slack in the economy.& u% A+ A) s4 j5 D
$ \/ f2 _2 k8 r4 t/ E
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate5 @, H% X6 n/ i. u3 \. u& k
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
# ?+ o# \) `  W/ P+ \; e$ V5 a$ F2 per cent inflation target in an environment of significant excess supply in Canada. Any further  h, B% a$ t3 r+ e
reduction in monetary policy stimulus would need to be carefully considered.
( f) ~' y& r) ^# p1 j1 g. _Information note:5 q: Q' C$ S9 U6 d7 Q" r4 G9 |

5 j7 O& U+ Z& D' Z5 w) D) g/ UThe 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.
大型搬家
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, 2026-6-15 21:27 , Processed in 0.265818 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