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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 S0 y+ B& q- e$ j2 e: o4 R
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The global economic recovery is proceeding broadly in line with the Bank's projection in its5 V1 B2 z+ B( i' Z" }
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
1 C0 _: c% M( N5 u% s; @5 R/ Bsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing2 `) ^. P+ Z% P
challenges associated with sovereign and bank balance sheets will limit the pace of the European* v/ v1 F; G( n. G: M9 ?! n
recovery and are a significant source of uncertainty to the global outlook. Robust demand from5 D) {; S5 p, A1 _2 ?; D
emerging-market economies is driving the underlying strength in commodity prices, which could
4 {" B/ j9 V& ]% Ibe further reinforced temporarily by supply shocks arising from recent geopolitical events.
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3 z6 e) A; x# g7 B0 r3 a$ ]6 dThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of. x1 H, q# x1 t, Q  Y, s6 X
the anticipated rebalancing of demand. While consumption growth remains strong, there are1 r" w1 |) N0 K( U" u6 P; s
signs that household spending is moving more in line with the growth in household incomes.! C1 P  p, ^, }
Business investment continues to expand rapidly as companies take advantage of stimulative
7 f% x8 G1 R( S% Gfinancial conditions and respond to competitive imperatives. There is early evidence of a
* D% R  i, x0 L( ^: O+ ]" Trecovery in net exports, supported by stronger U.S. activity and global demand for commodities.' i3 ~) X& x! I
However, the export sector continues to face considerable challenges from the cumulative effects
% H3 p: w7 N' b# D, Y: Zof the persistent strength in the Canadian dollar and Canada's poor relative productivity
, p  X% ^# q) o( K; H! R" y* ]8 ^; Yperformance.. Q2 T: G9 R2 G3 y3 ?$ `1 p0 l1 P

: A& Q* t( U& L7 U2 CWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
0 C1 _5 U8 v* M9 KBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
; _" P0 }: B' L( Q( |! ]considerable slack in the economy.
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* p7 `+ x+ c0 p" LReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
1 j7 b! ?2 A  p5 m! y% ?1 Lat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the; u; z3 y$ C2 Y- ~
2 per cent inflation target in an environment of significant excess supply in Canada. Any further% H9 [) i; W, Y: r5 g
reduction in monetary policy stimulus would need to be carefully considered.
( n% B. V, ?% {" Z9 u' @Information note:6 H/ H  o( x; a4 g0 T- M" p
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The next scheduled date for announcing the overnight rate target is 12 April 2011.
理袁律师事务所
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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