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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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8 P7 x$ C+ v- L4 {/ n3 ZThe global economic recovery is proceeding broadly in line with the Bank's projection in its- T- k. M; z6 |1 B/ E+ E
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
6 Z- W* e; e& r0 Y" h4 v2 isolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing7 q3 w. s1 Z9 g& i5 c
challenges associated with sovereign and bank balance sheets will limit the pace of the European( b$ a( F* I1 l5 H+ |
recovery and are a significant source of uncertainty to the global outlook. Robust demand from# Z) Q2 B( A) s* w6 H# ^9 q& d
emerging-market economies is driving the underlying strength in commodity prices, which could
! O6 q- P; Q& c$ A+ y) O, Fbe further reinforced temporarily by supply shocks arising from recent geopolitical events.
. G- r* D) I3 B3 Z5 Y+ \
8 i6 H* M' b; Y4 W$ IThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of" d  U2 Q# q' m9 N+ |( E
the anticipated rebalancing of demand. While consumption growth remains strong, there are& l. k$ _& g# m. L( s% e0 z3 H/ u
signs that household spending is moving more in line with the growth in household incomes.9 x3 r( |% i; G; I( p6 }
Business investment continues to expand rapidly as companies take advantage of stimulative
$ b6 G2 j" \6 G* ^0 Cfinancial conditions and respond to competitive imperatives. There is early evidence of a
' e- ?+ o) W  K4 Drecovery in net exports, supported by stronger U.S. activity and global demand for commodities.( ^# T5 \% l$ r
However, the export sector continues to face considerable challenges from the cumulative effects" ?* m' X7 H4 k# {( U- b: G
of the persistent strength in the Canadian dollar and Canada's poor relative productivity. C8 Z; i, Y" |4 L* F
performance.2 b$ W' d$ {7 }/ }3 I/ b
$ K1 ^4 q7 r4 E
While global inflationary pressures are rising, inflation in Canada has been consistent with the- t- t- Z. D) l# I! m/ p, c
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the  Q) y" B( @+ w4 D1 t% x! W) h" o
considerable slack in the economy.8 u4 k, x2 s+ Z2 Q. w# U3 q" W

, F2 A& w9 T& p- v9 EReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate% B% ]/ }2 [2 {, Q2 s' K% h
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the$ U& b1 d2 k) n; t- [7 F) @2 I" I
2 per cent inflation target in an environment of significant excess supply in Canada. Any further: Z+ l4 V5 ?& y4 [6 i' n4 x1 T
reduction in monetary policy stimulus would need to be carefully considered.1 _+ |, D4 V( Q' ~8 _
Information note:
5 D, O; Q9 ~- X5 N7 m" G. X$ }  j2 J5 Q, Y& L; ^
The next scheduled date for announcing the overnight rate target is 12 April 2011.
大型搬家
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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