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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.
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The global economic recovery is proceeding broadly in line with the Bank's projection in its, b2 E) E1 t0 Y) q; I/ l
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is1 U1 V/ b- [: h) A" |; k) G+ u* x
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
+ T. X2 }. }+ x; p4 m6 kchallenges associated with sovereign and bank balance sheets will limit the pace of the European; n, L: t! n0 k9 N1 }/ b
recovery and are a significant source of uncertainty to the global outlook. Robust demand from% a8 K( \2 o) `8 c, H
emerging-market economies is driving the underlying strength in commodity prices, which could
( R9 j! Q0 |8 m. U$ |& _  I+ _be further reinforced temporarily by supply shocks arising from recent geopolitical events.; z! ^) T) M6 S3 i" E- B, g
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The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of1 `: P% V) n  U: {% P1 b
the anticipated rebalancing of demand. While consumption growth remains strong, there are
1 O# W1 W8 m$ A' ?9 |) C, t7 ^signs that household spending is moving more in line with the growth in household incomes.
8 p1 l' S$ {, H: E' Q$ }- cBusiness investment continues to expand rapidly as companies take advantage of stimulative( @, s7 T7 {1 ~8 V
financial conditions and respond to competitive imperatives. There is early evidence of a$ t( k- m2 I+ h4 z7 U' }5 h0 w+ `
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.( M2 z& x& n; K7 w' ?2 `
However, the export sector continues to face considerable challenges from the cumulative effects1 a: {0 P0 {6 C  R
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
5 F1 Z: J/ {( G+ Jperformance.
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While global inflationary pressures are rising, inflation in Canada has been consistent with the3 T, d% s, D- H% S& l
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
  U9 l( p# s$ p  i! rconsiderable slack in the economy.0 O3 j) M( K  m( ]8 E

5 ~7 T2 V" ^$ n& v# j' y' o' {3 C7 hReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate0 ?1 E9 K5 s+ L4 T0 E( M9 Q
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the" L' N  @) u) Z4 u" `6 n
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
" r& u# G& [/ n: G: @, V: d4 \9 m: greduction in monetary policy stimulus would need to be carefully considered.
$ g. V7 d0 w$ _% WInformation note:
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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.
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