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.
# Q8 i. o' {% ^2 P; X: ]6 L4 s
, M' j! T" T7 BThe global economic recovery is proceeding broadly in line with the Bank's projection in its
6 b9 w2 Z8 d% Z4 K2 v) f) x6 c) U. `January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
; t# _1 r4 d) N0 g. J1 F7 dsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
0 r$ U, r& I$ k! [, Q1 @! e" o4 ^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
% I* v" ~" f% D1 vemerging-market economies is driving the underlying strength in commodity prices, which could
be further reinforced temporarily by supply shocks arising from recent geopolitical events.

+ a+ s1 _: U/ bThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
. t! H2 E/ o+ b- ~- E: Wthe anticipated rebalancing of demand. While consumption growth remains strong, there are
. N: {5 j+ {, q, Ksigns that household spending is moving more in line with the growth in household incomes.
0 s# Q: m4 R# J. y( X( JBusiness investment continues to expand rapidly as companies take advantage of stimulative
3 P0 P# d# F' ^financial conditions and respond to competitive imperatives. There is early evidence of a
  X5 T/ C& `& ^" @- a& I: j* `recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
8 v( t& i7 K, OHowever, 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
7 R% F! Z) }* ?# Gperformance.

0 c$ K9 l6 c. QWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
7 k. ^$ m1 D6 vBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
; \! A% p9 {; L; ~% K/ Lconsiderable slack in the economy.

Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
1 b' ?; O9 a# U. s1 d4 Tat 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
4 {, `8 {) X+ S# ^3 nreduction in monetary policy stimulus would need to be carefully considered.
( O  Q! N& v& [7 u  nInformation note:

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.