埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2309|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.& x2 _- ]9 e5 Z2 h  O

' E; N( j* z( h3 q1 [; j! LThe global economic recovery is proceeding broadly in line with the Bank's projection in its  ~. @0 v, a5 K, _
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is/ [; a% g5 C; h  O, Y* I
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
8 ?  O, ^- U" K0 P! I) ichallenges associated with sovereign and bank balance sheets will limit the pace of the European9 B+ z  r( l# F# g
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
! N, [% n  u; P4 o% S4 a# }( wemerging-market economies is driving the underlying strength in commodity prices, which could
' z6 G" u" Y$ Z/ I0 l) a& `3 ^be further reinforced temporarily by supply shocks arising from recent geopolitical events.2 O8 m. o/ h! s2 t
& O6 _/ R& s( H  F
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
& M# U: w, p7 I) j4 G; c5 Uthe anticipated rebalancing of demand. While consumption growth remains strong, there are7 l0 Y3 p+ a' ?# F! R( i" Q
signs that household spending is moving more in line with the growth in household incomes.
4 A  i& y- j8 L  s0 _" A+ p/ x7 r. YBusiness investment continues to expand rapidly as companies take advantage of stimulative
' G# G, P2 O3 |% [9 W) lfinancial conditions and respond to competitive imperatives. There is early evidence of a' ~+ }6 s3 E8 x  W. l
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.- z# _' w  k" k9 a
However, the export sector continues to face considerable challenges from the cumulative effects  l- G+ A2 `+ |3 o. T* p! b
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
) [' C$ K, Y$ i/ u2 _7 M) Sperformance.( c% [- A3 v! f1 u9 B) G+ P

# m$ a! q) O$ A& x3 DWhile global inflationary pressures are rising, inflation in Canada has been consistent with the1 X# j7 c8 h: F% [$ L
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
% M- n" Q; ]( M' z' oconsiderable slack in the economy.$ m. {& G; q$ p- ^: v
1 Z3 M: u8 {8 y/ G/ E; N
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate8 p! f' P+ n* X, n4 f
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 p" G) C$ t2 @9 `5 {- o$ q% ^' X6 l2 per cent inflation target in an environment of significant excess supply in Canada. Any further
/ i# R/ L4 K" M) M" f( Mreduction in monetary policy stimulus would need to be carefully considered.
. K& C3 }( L& `& rInformation note:
. R  b4 a6 t; |0 T: B
+ [/ i/ |0 ^$ c' h+ LThe next scheduled date for announcing the overnight rate target is 12 April 2011.
理袁律师事务所
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.
大型搬家
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, 2026-8-16 07:21 , Processed in 0.113965 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