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.
( H, f5 k0 B6 N9 `& z
The global economic recovery is proceeding broadly in line with the Bank's projection in its
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
/ n( F0 K% c, k, D! S; W/ q9 psolidifying 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
& @8 ]6 M% t% ~  Lbe further reinforced temporarily by supply shocks arising from recent geopolitical events.

+ `" c* m6 Q3 o. TThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
the anticipated rebalancing of demand. While consumption growth remains strong, there are
/ X6 r" w7 Z8 X1 [" |5 msigns that household spending is moving more in line with the growth in household incomes.
1 e* X9 r! H$ q6 [0 {. \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
) f; f1 u0 A- F( \, Z% |1 M* ]recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
/ l5 W* H6 K: y( N2 F' m2 ]+ hHowever, the export sector continues to face considerable challenges from the cumulative effects
5 O9 H0 F6 g9 v' M8 V  bof 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
5 D3 R1 y# P4 GBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
: }# K: c9 w  I; o* mconsiderable slack in the economy.
6 H( k' v3 O7 O9 C% X" N
. A$ ?* ~4 q6 U) Q: a# t3 xReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
- n/ ^, C, `2 l  f$ n8 Iat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
3 |! I  e. E; X4 Q% ~. K2 per cent inflation target in an environment of significant excess supply in Canada. Any further
5 F( N& |' h  f" ~* c9 Nreduction in monetary policy stimulus would need to be carefully considered.
1 W% U( j( d$ X! aInformation note:
+ d/ N) Q) D8 ]  ?% [# W* z
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.