埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1993|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.! Q  V! j+ G1 h+ ]- l

6 K. q* R0 E4 `; i& f6 oThe global economic recovery is proceeding broadly in line with the Bank's projection in its
& b5 ~; u2 K: d( wJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
4 H. [: |; t; qsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing9 n; d7 F' Q0 K1 z. f3 b# x
challenges associated with sovereign and bank balance sheets will limit the pace of the European* Y& \* B2 e3 v2 A3 A* N% `( j
recovery and are a significant source of uncertainty to the global outlook. Robust demand from! [2 i: d5 [5 X' K3 [$ f. J
emerging-market economies is driving the underlying strength in commodity prices, which could3 n' I5 N9 f! w
be further reinforced temporarily by supply shocks arising from recent geopolitical events.: q5 |$ F& H, y% ~% e$ Q

! G' [; A. o4 _% ]The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
8 F# S  V  e1 s' pthe anticipated rebalancing of demand. While consumption growth remains strong, there are
' \  f; i9 ~$ `signs that household spending is moving more in line with the growth in household incomes., |* h( q! u( e; x6 Y/ [* Z
Business investment continues to expand rapidly as companies take advantage of stimulative" y- G3 b$ w& m! q/ G. |0 g4 O
financial conditions and respond to competitive imperatives. There is early evidence of a
2 T! k" Z8 O  Mrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.' E0 `) v( F4 \/ Y9 A1 l
However, the export sector continues to face considerable challenges from the cumulative effects
4 d2 S- x' {$ j' M' K) i8 Z8 dof the persistent strength in the Canadian dollar and Canada's poor relative productivity  s. Z9 r4 K- P) A. t
performance.
9 k3 I( @/ @: Y7 }: I
: |- j0 e! f4 j4 t4 ~  K" gWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
+ n& L) g2 R! V2 cBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the+ O; m) |6 c" \# t  t# `
considerable slack in the economy.
, s* f* }) C: B' r6 V- I* t5 F$ C" F* k; Z+ Q( y; L
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
4 q1 n& G4 S; f3 sat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the. A2 K( o2 [7 j1 j0 _2 }1 |) x: }
2 per cent inflation target in an environment of significant excess supply in Canada. Any further, j8 n0 _$ W4 O! `% H: K8 e' G7 V
reduction in monetary policy stimulus would need to be carefully considered.
! ~- N* Z: k% Y3 O, c# f* d& _: mInformation note:! s' |! Y8 Y; T0 A9 f

6 r9 m7 c( V, }2 N5 nThe 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, 2026-5-27 10:28 , Processed in 0.097299 second(s), 14 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