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

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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.
+ A( ]8 I6 j) m/ x. h; f
* S! F. n- D  w: G7 U; uThe global economic recovery is proceeding broadly in line with the Bank's projection in its
/ a# b- P* |' @% m% B+ CJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
* a1 n; e& @8 g+ y; fsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
challenges 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
emerging-market economies is driving the underlying strength in commodity prices, which could
$ E' R: t2 \$ c. o& lbe further reinforced temporarily by supply shocks arising from recent geopolitical events.

The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
0 E: o% o' E' n* E' R$ fthe anticipated rebalancing of demand. While consumption growth remains strong, there are
; h- Q1 }: ]2 v8 l4 \2 Z% asigns that household spending is moving more in line with the growth in household incomes.
Business investment continues to expand rapidly as companies take advantage of stimulative
- i, ~% E- X) t% }- y$ Y3 ]financial conditions and respond to competitive imperatives. There is early evidence of a
( p1 G% g0 J! t4 Q0 Nrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
8 B8 {. p" v: H4 l: F' VHowever, the export sector continues to face considerable challenges from the cumulative effects
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
  N( I9 Y+ r6 }; j; W* Qperformance.
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2 t7 v6 H  i0 R. U9 JWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
considerable slack in the economy.

! W8 o# H/ F# G# f' tReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
2 Y7 g5 i7 o8 V6 k; k+ wat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 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.
0 W2 V# r# E" t& ^4 J) j* x% DInformation note:
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8 W* A$ Y+ }& RThe 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.