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.

  ^  N1 O5 C2 _( ]1 m- y4 mThe global economic recovery is proceeding broadly in line with the Bank's projection in its
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
% h  K  v; |1 M1 h' z; Ysolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
+ Z+ m7 m0 |9 J, D9 }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
4 c: v7 ~' y7 O: E3 ?. Wemerging-market economies is driving the underlying strength in commodity prices, which could
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
$ x  u/ ?; u! e9 A% _
3 y; y3 q) j/ S* {The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
the anticipated rebalancing of demand. While consumption growth remains strong, there are
5 v7 r4 d% n$ ssigns that household spending is moving more in line with the growth in household incomes.
Business investment continues to expand rapidly as companies take advantage of stimulative
, w0 e# _  `4 M; `! Nfinancial conditions and respond to competitive imperatives. There is early evidence of a
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
# t2 }5 S& s+ _2 @* V* @+ O% EHowever, the export sector continues to face considerable challenges from the cumulative effects
7 u3 j" s& I- k* l, H0 Iof the persistent strength in the Canadian dollar and Canada's poor relative productivity
( J0 Z2 F& n, Q0 H1 c, x$ \- pperformance.
* M3 a$ `5 K' D$ ]
& i  |; y- P2 \8 D: g4 GWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
4 M. N) T+ W6 s) h& p8 Q! nconsiderable slack in the economy.

1 B/ ^) \3 g; WReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
8 }' D6 W1 }6 A+ E" T+ C& A9 Aat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
  W$ [) Y- n7 V& C6 C& h) U- Y2 per cent inflation target in an environment of significant excess supply in Canada. Any further
; p: Z% E- D7 r- Nreduction in monetary policy stimulus would need to be carefully considered.
Information note:

  ~% S/ F) }9 R' q- y, ZThe 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.