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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.3 H0 F6 C- {: ?' r( M
6 l# e% `/ g0 x; q" H' l) n! K* w2 I) l
The global economic recovery is proceeding broadly in line with the Bank's projection in its
/ v& @2 f& q' G; [5 n  U/ lJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is3 i6 Y6 u4 Y7 T
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing$ S+ o+ h0 I; o! [- k  L8 @) f
challenges associated with sovereign and bank balance sheets will limit the pace of the European
2 E; h% B8 _" f$ P- W" ~1 g! E/ ]recovery and are a significant source of uncertainty to the global outlook. Robust demand from
1 }8 o( u& \- R6 v& G3 j0 Wemerging-market economies is driving the underlying strength in commodity prices, which could. i4 t' l& i: m
be further reinforced temporarily by supply shocks arising from recent geopolitical events.
$ ~7 a. u. G! h* w: I
/ |/ e& w. ?- w. RThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
- \$ ?$ s3 V0 x! W3 xthe anticipated rebalancing of demand. While consumption growth remains strong, there are) t5 I* c  m% q
signs that household spending is moving more in line with the growth in household incomes.
) g7 Z7 B9 n1 {- u9 Q# F% bBusiness investment continues to expand rapidly as companies take advantage of stimulative) X* H( _5 f& V( u
financial conditions and respond to competitive imperatives. There is early evidence of a
0 {  i; k8 R+ }1 H: urecovery in net exports, supported by stronger U.S. activity and global demand for commodities.4 `' @3 Z5 U# K. `. d1 `
However, the export sector continues to face considerable challenges from the cumulative effects
$ |/ c. m0 t7 _+ Eof the persistent strength in the Canadian dollar and Canada's poor relative productivity
% b, T  J1 i8 O0 operformance.
3 A! l! m' n$ \" I( h
# X, i+ S, C! H  @- y6 VWhile global inflationary pressures are rising, inflation in Canada has been consistent with the4 {6 ~$ s. w1 a$ l) _
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
( y1 |9 l5 G7 h6 ]  X5 Cconsiderable slack in the economy.5 q# e+ g9 n# q- T8 k1 f: q
" W* u* [9 n5 s* d
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
8 Y) Z% W/ D. Gat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
, t* {- q2 m9 {2 per cent inflation target in an environment of significant excess supply in Canada. Any further* M1 l* _" U2 v& C- b
reduction in monetary policy stimulus would need to be carefully considered.  e; Y1 h! R: l
Information note:
( Y3 N7 ^. B, {4 r3 g) n
0 s' u" q( r7 N8 R6 [+ cThe 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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