埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2255|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.
% @  ?' T" z' I: \, _! a5 |+ X5 R4 Z# P$ ]
The global economic recovery is proceeding broadly in line with the Bank's projection in its+ X$ v( _; D5 b9 F- S  J8 D% k
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
0 E( x# \  t6 S+ u) u0 X1 @solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
7 I3 m' b% V, a; f3 M6 ^  z6 wchallenges associated with sovereign and bank balance sheets will limit the pace of the European
- E9 [4 G+ c8 s7 i4 A# A/ nrecovery and are a significant source of uncertainty to the global outlook. Robust demand from0 }, K6 f$ O5 l: D
emerging-market economies is driving the underlying strength in commodity prices, which could
) s% y% x7 h7 e9 V! ?be further reinforced temporarily by supply shocks arising from recent geopolitical events.9 v: s" ~8 `; n  t" Q

) f) N2 ^# G, f; X/ i# }/ O3 IThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
5 h3 b4 u$ X: @the anticipated rebalancing of demand. While consumption growth remains strong, there are
' c+ g" O0 Q8 c4 I- {/ U2 @signs that household spending is moving more in line with the growth in household incomes.9 y2 x% y5 J( S3 u+ M
Business investment continues to expand rapidly as companies take advantage of stimulative
/ w8 @  c7 o7 C7 Nfinancial conditions and respond to competitive imperatives. There is early evidence of a& L' H2 \5 b! Q4 w: v# h2 _4 h
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
' ^2 V- f* N/ c+ C# O7 ?However, the export sector continues to face considerable challenges from the cumulative effects
5 X0 G% H$ I- Z8 a- n* r' Sof the persistent strength in the Canadian dollar and Canada's poor relative productivity
( n8 ?6 x4 M* ?performance.' t& U" Q" Y! ~2 e  C2 {4 G( C3 j
0 w9 R  I4 e! ?! c/ F+ F3 R
While global inflationary pressures are rising, inflation in Canada has been consistent with the
+ b6 ^: A1 e6 V6 x- _Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the7 G6 r; L2 Z6 t! x: _4 u
considerable slack in the economy.
7 t. R( P1 X9 ^/ ]: g3 o- V" D) ]+ A: B& G% }
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate: t  j9 ]6 y4 @. W6 n
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
$ t0 P) l. J% j- E$ C( `8 i" ?2 per cent inflation target in an environment of significant excess supply in Canada. Any further
5 \& {1 N& i$ v+ ?; Jreduction in monetary policy stimulus would need to be carefully considered.; |" M% t: `- V# D& R# Q
Information note:& g& ]; P! p3 u: [9 V
. d0 m" s( A- o8 p9 ~
The next scheduled date for announcing the overnight rate target is 12 April 2011.
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.
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, 2026-8-1 21:26 , Processed in 0.242301 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