埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2385|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.
; b8 g) X2 W% ]+ |8 M# o6 I! Q4 f  }- W9 V& n5 f+ `
The global economic recovery is proceeding broadly in line with the Bank's projection in its) f+ ?) A! S6 [
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
& R2 i8 C+ n' F) i; l1 z/ gsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
  N! _" ^0 y7 c1 M9 a. {  g. ?  dchallenges associated with sovereign and bank balance sheets will limit the pace of the European
$ x' v, G4 x$ D& T; n4 G7 [* Y% yrecovery and are a significant source of uncertainty to the global outlook. Robust demand from
7 H( l( F5 p% ^* ]9 o" ~7 f! [emerging-market economies is driving the underlying strength in commodity prices, which could
8 M  O. ^  Q0 V; G7 wbe further reinforced temporarily by supply shocks arising from recent geopolitical events.
. Y8 H2 Z2 Y/ U9 Z* N
7 l  ?# X) t6 o, xThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
$ \" \7 Z* o1 U. Ythe anticipated rebalancing of demand. While consumption growth remains strong, there are' U% o1 b7 K) h. h
signs that household spending is moving more in line with the growth in household incomes." ^, M; ?* Z1 P" t
Business investment continues to expand rapidly as companies take advantage of stimulative; A' t; u5 B5 {+ Z* v
financial conditions and respond to competitive imperatives. There is early evidence of a
3 S  R$ s( E* e* }3 M9 {4 M( Vrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.& c, q) q/ p2 n( i' F8 }3 q8 O
However, the export sector continues to face considerable challenges from the cumulative effects/ I5 T  i; e0 I. _% [% K
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
7 L1 G& `1 o) V8 s" g- G# L* ]performance.& F8 F( ~/ R2 t$ `
% C7 P% _# z% u  y2 }
While global inflationary pressures are rising, inflation in Canada has been consistent with the
# B  z# e$ Z0 ?7 ^1 ^5 X* Y9 rBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
5 Q: c" P3 S" u4 Qconsiderable slack in the economy.
# c" G1 X6 O9 G' j# ?/ Q
, ~7 {5 R6 ]- L; B1 B3 ~) C4 ?, {) }Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate1 X1 @6 O7 \0 h+ k
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
. B9 e( j4 a4 d2 per cent inflation target in an environment of significant excess supply in Canada. Any further2 i( w& u8 i+ j, ]  n: q
reduction in monetary policy stimulus would need to be carefully considered.6 C0 R. q) M! c/ m* k1 F
Information note:3 l9 }  v3 d7 Z3 p8 k5 P" v' c. X2 w
' T' u9 i. o4 h
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.
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, 2026-9-1 06:38 , Processed in 0.428085 second(s), 13 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