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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.
  M) w: D: `* H# z* b
5 G% n+ q2 t/ Z+ r, O  [9 cThe global economic recovery is proceeding broadly in line with the Bank's projection in its# }) ]- g/ }9 r' _
January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
# B% e+ e) b& J% v$ c. z: osolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
4 S. a% _/ k+ i8 @* _5 t  _challenges associated with sovereign and bank balance sheets will limit the pace of the European
7 S2 `- o$ v* [6 G8 S3 a4 b, Hrecovery and are a significant source of uncertainty to the global outlook. Robust demand from
# A/ T9 N% x! `7 y7 ]" Remerging-market economies is driving the underlying strength in commodity prices, which could+ ?8 I2 I7 d0 K8 k0 p$ S
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
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3 E: K5 a1 G+ R: @; Q9 s) FThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of3 ?' t4 u2 z( B& B; B# K- c
the anticipated rebalancing of demand. While consumption growth remains strong, there are
" S$ g8 d5 s3 l% P6 x; `% i; {. Esigns that household spending is moving more in line with the growth in household incomes.4 |) f- D, I' q  U. R
Business investment continues to expand rapidly as companies take advantage of stimulative
& d& e# I) @- pfinancial conditions and respond to competitive imperatives. There is early evidence of a
$ z; l9 g2 _2 x7 Orecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
( l+ w" }! L2 c  Z/ s* KHowever, the export sector continues to face considerable challenges from the cumulative effects% W) H2 N6 Z+ X( |/ j7 o
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
% v7 }! X+ J  y2 j7 }% [+ z- v9 Nperformance.2 F: |7 r3 V' M* j- i
/ w7 P/ \# S! p8 @
While global inflationary pressures are rising, inflation in Canada has been consistent with the$ r: `& ^4 R# o" A1 E$ m
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the4 c5 q4 ?  F, E% \9 g9 h
considerable slack in the economy." B- T: O/ K- o2 m/ D# I! _
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Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate6 i# ]- {% A1 l  Y8 b
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 B& L2 _4 T7 j- c+ h2 per cent inflation target in an environment of significant excess supply in Canada. Any further/ D" h/ @2 X1 [. A2 c
reduction in monetary policy stimulus would need to be carefully considered.
+ V# I6 K! j1 G! h' ^Information note:) m& O5 y( P7 I% W# W% Y6 x: r

& [" g& C  }/ u, t6 g: IThe 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.
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