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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.' e& e0 ^% D, a2 t6 }& G) q

2 l/ w: u+ X# S: p9 P  X1 _8 ^* n. A, iThe global economic recovery is proceeding broadly in line with the Bank's projection in its7 L3 o7 D3 J0 B% `
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is" y* s3 t+ w2 h5 S4 E; T
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing' }- v  E6 R# v; E
challenges associated with sovereign and bank balance sheets will limit the pace of the European& g6 @. |6 G7 Y
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
) C* C4 s! q9 z" s  kemerging-market economies is driving the underlying strength in commodity prices, which could2 x% X8 a& h, u6 L) v/ p
be further reinforced temporarily by supply shocks arising from recent geopolitical events.. `& O( `  r- }* x, P/ P  T8 a0 t
, P% D" e  ~3 p+ |. p2 N. [
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
0 L0 d5 a' t+ X, |the anticipated rebalancing of demand. While consumption growth remains strong, there are
7 s: A* p) s4 L) Hsigns that household spending is moving more in line with the growth in household incomes.
5 l6 L" V2 f5 |8 x5 VBusiness investment continues to expand rapidly as companies take advantage of stimulative0 K4 M1 r! q' E. |: H
financial conditions and respond to competitive imperatives. There is early evidence of a% o& M1 A9 U) i6 S( U# K
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.2 b- C9 f* |8 z* c! e- Z! l
However, the export sector continues to face considerable challenges from the cumulative effects
8 _6 E; C) m/ y. e$ a" ?of the persistent strength in the Canadian dollar and Canada's poor relative productivity' |) U2 Y" c1 n4 R) H
performance.
' P& t& Q4 J! {0 s- F% R, Z6 {9 Z1 O, J! \; N
While global inflationary pressures are rising, inflation in Canada has been consistent with the  }3 \. y. [9 f0 C9 Z
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the( ^0 l+ h% j% R4 _# ^1 ~, T- O
considerable slack in the economy.
' c% G0 i+ A' b4 n* N, S$ H, s' `* M4 ~) k/ M, @  Q4 U
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
9 z* t3 d0 R, s2 T" D* d6 S, I9 sat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the8 k  g4 y& [7 G: q
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
* l" d- f+ W" ?' breduction in monetary policy stimulus would need to be carefully considered." k2 q# R: N+ b! q
Information note:
$ t4 }* \! r5 X. Z9 E! H8 m  |2 N. }- _, p/ _9 d9 e) r
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.
理袁律师事务所
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
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