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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.6 h$ ^' v; K: w7 i* x9 G
* I' _- S3 q5 Q: i  B5 q: g
The global economic recovery is proceeding broadly in line with the Bank's projection in its3 ]; Y7 R' N4 M% z
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
' e5 ?8 _  H9 C- u4 ]solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing& [7 G  Z3 v3 q/ C- _+ E
challenges associated with sovereign and bank balance sheets will limit the pace of the European; A- j: t- h( H0 U
recovery and are a significant source of uncertainty to the global outlook. Robust demand from3 y( i$ k: d: z8 {7 ?) |: J
emerging-market economies is driving the underlying strength in commodity prices, which could
8 j. j* b# [# }. g- [be further reinforced temporarily by supply shocks arising from recent geopolitical events.; l) p" z/ A0 }. t/ q

; I3 K" a; h, ?3 l2 q) k; o$ VThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of* ^  t( c+ O0 t+ n; h+ z
the anticipated rebalancing of demand. While consumption growth remains strong, there are3 j4 N. t$ q5 D
signs that household spending is moving more in line with the growth in household incomes.
& M- j- Q* B8 {, N5 h) ZBusiness investment continues to expand rapidly as companies take advantage of stimulative9 S. o8 V9 S2 c, D, p( [. u, ~( {
financial conditions and respond to competitive imperatives. There is early evidence of a- y* E& y4 X# K2 a  s' [; Y1 E
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.% y0 ^* I5 Z: B5 \
However, the export sector continues to face considerable challenges from the cumulative effects
( W# p5 p+ f% I: I/ C! l- kof the persistent strength in the Canadian dollar and Canada's poor relative productivity
! _& {6 ?$ g, F( W% Hperformance.
* E& k+ z6 d* p! B  v* L0 O
+ s; w7 f# }) T9 ?* `4 e( Z3 jWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
2 M' K' d- G1 N9 g% cBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the, {& O( W0 D' k/ {4 F# U
considerable slack in the economy.2 \# P  c: g" c! E

1 h* L$ w* [% o- f: EReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate6 n" u; f) |3 q" `, i0 |
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the+ a" r8 I0 Y! B& B+ G8 y
2 per cent inflation target in an environment of significant excess supply in Canada. Any further, n3 k& Q4 F6 A/ {- o: }+ j. i3 u( G
reduction in monetary policy stimulus would need to be carefully considered.7 z; v/ {* h: u! y* c& C9 z  x
Information note:
5 L0 r/ H3 J8 b3 R; c
! b, z+ p( y* S. P6 u6 LThe 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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