埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2027|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.: ?: _" N. i% T5 U% b# U# j% v

" h, y- V0 e( l6 rThe global economic recovery is proceeding broadly in line with the Bank's projection in its+ \4 g5 P3 s* }$ }) A  q0 j
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is, A7 u# f% H' Q) {7 N) a. U
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing  v1 C+ h" w+ L  Q  H6 p% {
challenges associated with sovereign and bank balance sheets will limit the pace of the European4 c; K- O. n9 |1 K
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
& t( E$ e5 {' h) b: Iemerging-market economies is driving the underlying strength in commodity prices, which could
6 V: v' |0 q/ y' N# B2 ]+ hbe further reinforced temporarily by supply shocks arising from recent geopolitical events.5 r. G" d8 x  \* F1 s, B- Q
' G) O" }4 B3 f2 T0 L5 K5 `3 F+ J
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
! A: M, F0 ?* `the anticipated rebalancing of demand. While consumption growth remains strong, there are
; d8 M' A9 J# s" Ksigns that household spending is moving more in line with the growth in household incomes.
9 W6 y4 x6 ~) `  \Business investment continues to expand rapidly as companies take advantage of stimulative# G  L. ]" |8 k) i
financial conditions and respond to competitive imperatives. There is early evidence of a
& ?/ X* R' u, F2 d) \% Y+ Q. Y+ Lrecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
- x: k  t7 _( \" fHowever, the export sector continues to face considerable challenges from the cumulative effects" |3 L% B) L& m9 e/ \
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
0 e  Y* f/ F5 ?, {: V7 aperformance.
, Q4 C5 @- e2 |0 b# U, c# L: A! ]2 R, o4 q4 a) y: t5 }
While global inflationary pressures are rising, inflation in Canada has been consistent with the- S! s6 p* t; c2 `) v
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the" H, Q2 j- ~+ F8 G0 M9 M0 _  D: S
considerable slack in the economy.
8 S0 O# o6 n( i
( Y2 D6 m4 n5 i3 Z* u! TReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
7 }  Z$ p/ ], x$ ~3 X- ^: zat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
6 C. \7 ~; B) ~  ?9 J  B8 {2 per cent inflation target in an environment of significant excess supply in Canada. Any further
6 g/ Z% n* c, v) S+ Mreduction in monetary policy stimulus would need to be carefully considered.7 [, e( {5 h, C4 v
Information note:1 A: Q+ N# N  m2 G( f: M) b
8 z  z. @" \# b& W" f4 Z
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, 2026-6-10 16:18 , Processed in 0.091824 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