埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1957|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.3 C) x/ }7 Z* ~* {

$ l* h+ g+ m, K+ @The global economic recovery is proceeding broadly in line with the Bank's projection in its
6 U& R2 i) R0 e9 s3 }January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
8 m3 b' u/ W' L$ m7 x2 T4 \7 hsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing( j! Z& D/ N- z9 y$ m8 f: t
challenges associated with sovereign and bank balance sheets will limit the pace of the European
  y% Y2 Q" L3 F" R( g  q' }) krecovery and are a significant source of uncertainty to the global outlook. Robust demand from
1 W" n! q( A, a: s, Remerging-market economies is driving the underlying strength in commodity prices, which could
( G3 j  w0 P0 G4 K% h- Z- o# Gbe further reinforced temporarily by supply shocks arising from recent geopolitical events.# G4 j* S7 H5 V3 U5 }
. ^1 v' S+ ~1 }8 b* G9 d: ?# o$ ?0 c
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
  w* `/ E) U5 @9 A/ W+ pthe anticipated rebalancing of demand. While consumption growth remains strong, there are
/ P6 y$ i1 E, Xsigns that household spending is moving more in line with the growth in household incomes.% V' w2 o+ _6 r2 P) f& J2 P( Z, z
Business investment continues to expand rapidly as companies take advantage of stimulative" F5 x, U3 N0 G$ q( r$ _9 `
financial conditions and respond to competitive imperatives. There is early evidence of a' o! W& a) f9 E8 N
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.$ R3 s7 D5 c0 k* {8 w
However, the export sector continues to face considerable challenges from the cumulative effects% D4 h% s& L' z/ ~' i
of the persistent strength in the Canadian dollar and Canada's poor relative productivity  U' }8 @, ^, v
performance.
" F" M1 N/ w$ W/ |4 C3 M
- u5 B6 w: }$ {& d" t1 Q) B) M* `. zWhile global inflationary pressures are rising, inflation in Canada has been consistent with the4 R4 f: Q9 `8 o
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
3 O4 Y" C' v! p# e( Fconsiderable slack in the economy.
/ Z/ s/ Q$ |, V* T3 g) z( N
# R5 _% Y2 R3 j  s( T: o; p7 O7 m) pReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate8 j  B$ B6 ^2 _$ i% H3 x( N/ z3 N
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the8 X( j" t, _4 w# j4 i8 P
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
: v% U4 P( n6 |' I9 P' Yreduction in monetary policy stimulus would need to be carefully considered.* A  j) \  ^! @3 U/ }
Information note:
# q/ _! p3 K9 L  z* D$ O: O4 h+ X7 Z
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, 2026-5-16 02:47 , Processed in 0.205679 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