埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2032|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.$ [- v, m8 \2 C

+ ?" V6 k2 V/ ?) q& rThe global economic recovery is proceeding broadly in line with the Bank's projection in its
$ L6 r. i0 T2 s& hJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
% f7 i. M; d( A6 [; csolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
5 C0 W0 ]/ s; }9 q# e  xchallenges associated with sovereign and bank balance sheets will limit the pace of the European
+ }& x5 [" p" M  c: K6 @8 J( }; frecovery and are a significant source of uncertainty to the global outlook. Robust demand from/ f0 {  {: G- |( }# Y
emerging-market economies is driving the underlying strength in commodity prices, which could
: M( O. J1 Q* N0 W/ d+ N1 Xbe further reinforced temporarily by supply shocks arising from recent geopolitical events.( J9 `' v3 Z* \+ \+ i3 r6 R- f
5 ?8 ]% T3 q4 ]1 y6 s( T, G
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
. P6 h6 M5 O- E; [5 kthe anticipated rebalancing of demand. While consumption growth remains strong, there are
$ C# ~7 {( v$ s! i) K6 rsigns that household spending is moving more in line with the growth in household incomes.
5 F7 r: x4 H: S- |+ iBusiness investment continues to expand rapidly as companies take advantage of stimulative& @) U% o; C# u/ T
financial conditions and respond to competitive imperatives. There is early evidence of a4 t( ?# }( U( h3 }6 Z8 l
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.6 M$ L0 ^- e3 k
However, the export sector continues to face considerable challenges from the cumulative effects( _5 D5 \5 Q' I7 ~0 d
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
( Z& ]4 B% o8 t/ M" n3 Nperformance.
- ^# Q, {, R1 d  {4 [" `7 m
% M6 M) m9 C& O6 a5 JWhile global inflationary pressures are rising, inflation in Canada has been consistent with the/ D* y) \8 G3 s0 F$ p4 H
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
4 ~( m# }9 C8 V  S3 V, ]2 Tconsiderable slack in the economy.+ c" g0 i; V+ v( f
, R# S- w* X8 f6 N" P2 A
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate1 H' z+ L9 `' r' c
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the' h$ t/ \1 ?7 q2 l# l3 f1 D
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
2 g, C: ?+ C. r4 U5 e' L# K' Jreduction in monetary policy stimulus would need to be carefully considered.( Q- ]5 ?% V- e9 P# u" m
Information note:- Z) K8 ?* m  E& H) M: ?

. O+ g( u: j  T; f' B3 V& @5 N" {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, 2026-6-11 20:36 , Processed in 0.165269 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