MARCH 1st, 2011 -BANK OF CANADA- NO CHANGE FOR THE OVERNIGHT RATE(ZT)

郭森房贷

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.
( c* T/ f9 H* k1 D* O2 q
The global economic recovery is proceeding broadly in line with the Bank's projection in its
1 x% f/ H5 m& PJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
2 D* F5 a9 S& e2 K+ u; I$ Y' M1 s5 F! ?solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
9 p+ @4 I3 J4 A! g9 z- kchallenges associated with sovereign and bank balance sheets will limit the pace of the European
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
; I- C% N9 Y0 y' C/ B: remerging-market economies is driving the underlying strength in commodity prices, which could
be further reinforced temporarily by supply shocks arising from recent geopolitical events.

* o* n. Z2 k8 Z. A! a% ?The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
. _$ {$ s7 s1 M) M' P/ C, i- i' E# ethe anticipated rebalancing of demand. While consumption growth remains strong, there are
8 I2 ^" K; i* z  a: ^; t2 w4 e, lsigns that household spending is moving more in line with the growth in household incomes.
  E) s, Z& X! \: V0 [Business investment continues to expand rapidly as companies take advantage of stimulative
financial conditions and respond to competitive imperatives. There is early evidence of a
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
However, the export sector continues to face considerable challenges from the cumulative effects
7 Q1 A* L5 K; Wof the persistent strength in the Canadian dollar and Canada's poor relative productivity
performance.

While global inflationary pressures are rising, inflation in Canada has been consistent with the
: |9 t9 R  Z& u- h; [- ]( z* {Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
. q  u9 w0 w2 }! J- u- s. G$ Y$ ^6 pconsiderable slack in the economy.
) d* e) [+ E1 `+ r  h# x9 c
% W( h  ?0 J( n+ B! o5 N) XReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
( f9 k0 d4 |( h0 \: t; F( Y2 per cent inflation target in an environment of significant excess supply in Canada. Any further
reduction in monetary policy stimulus would need to be carefully considered.
Information note:
; V. f+ h& s6 x. A* M6 ?
The next scheduled date for announcing the overnight rate target is 12 April 2011.

小黄

It won't be changed for a long time.

web123

but banks will raise mortgage rate, for sure.