埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2307|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.
$ O: L& j7 I6 ?0 A! y* G7 O9 C
# I0 M! l9 S% @1 ?" ?. }The global economic recovery is proceeding broadly in line with the Bank's projection in its
! s3 C& U% l) Z! H2 s/ Y; UJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
: n6 R% ~! S# b1 o& C; s& Q8 Psolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing# _$ n6 z. b# h7 m  R
challenges associated with sovereign and bank balance sheets will limit the pace of the European
1 Q# t; E' t. t, o, F% [$ mrecovery and are a significant source of uncertainty to the global outlook. Robust demand from9 `7 R( D" O  j+ k$ s1 I  c4 w8 e
emerging-market economies is driving the underlying strength in commodity prices, which could" ^9 @: X/ H- {
be further reinforced temporarily by supply shocks arising from recent geopolitical events.4 R9 K) }  E. Q( r7 ^5 }* r) `
8 i: Z7 E  E, C" b+ s
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
3 `) B! U+ m/ I; _the anticipated rebalancing of demand. While consumption growth remains strong, there are
5 K/ Y8 L% J4 B! \9 Lsigns that household spending is moving more in line with the growth in household incomes.
5 }: e9 b& s/ N8 vBusiness investment continues to expand rapidly as companies take advantage of stimulative5 C7 j9 }  B. g% h: P5 e
financial conditions and respond to competitive imperatives. There is early evidence of a- w7 E" [9 ?2 }) O  C5 u
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
7 K4 `5 O* k/ IHowever, the export sector continues to face considerable challenges from the cumulative effects3 |# K6 z2 R0 v3 L1 E
of the persistent strength in the Canadian dollar and Canada's poor relative productivity5 k1 Z( Q" M: k7 ]2 x5 v
performance.
! H& x8 E2 I- _/ P
- I' H) w9 }- ~$ f. C; dWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
2 ]0 g5 @9 N5 rBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the' U2 N3 d+ i& Q4 T1 ~) i
considerable slack in the economy.
+ {6 v& s$ B8 }! s. D* W' c+ B* C( a' N2 G( G
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
# z$ h) N% L/ q$ T8 H2 P( K9 ^at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the- a* i/ M# G& a; P0 W  ~
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
) K" V) s5 s6 o9 T/ Z& V" q+ F* Ireduction in monetary policy stimulus would need to be carefully considered., a) f. e( p& _- \# O! _
Information note:
8 t2 U* P; [( Z* x4 |( d8 ]. i/ [, _
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, 2026-8-15 16:44 , Processed in 0.069806 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