埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 2201|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.
$ X- o( i" W) q
, C+ h. j1 j8 B5 t, jThe global economic recovery is proceeding broadly in line with the Bank's projection in its
+ P$ u3 L; F; q8 W7 ^8 MJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
& R8 W$ j) x6 p/ `+ V/ S8 Ysolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing/ t, n1 F2 g7 p5 s# K+ D: [
challenges associated with sovereign and bank balance sheets will limit the pace of the European
$ P# ?) k; ~9 ?recovery and are a significant source of uncertainty to the global outlook. Robust demand from6 P* n! l2 F, V% g8 u  e5 F# ?
emerging-market economies is driving the underlying strength in commodity prices, which could
9 a; x2 P$ u$ M1 w: Ebe further reinforced temporarily by supply shocks arising from recent geopolitical events.
! }6 k& L( w" N+ y- |8 N# U/ B. J9 K& z- S5 \0 {' M) v0 F, O* M  a
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
5 U; o) G# t0 P$ |: a& x/ @3 m$ lthe anticipated rebalancing of demand. While consumption growth remains strong, there are4 c8 R  W# V* C1 G1 J. [
signs that household spending is moving more in line with the growth in household incomes.
4 t1 A0 j) i  Y0 r' ^, A) ]/ ^Business investment continues to expand rapidly as companies take advantage of stimulative
& n; d( }. S5 f0 Y! f$ q# yfinancial conditions and respond to competitive imperatives. There is early evidence of a/ G6 ^# [2 [! l! V' L! }2 w) ^
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.% S) @" Q! j9 Z3 t1 c$ _
However, the export sector continues to face considerable challenges from the cumulative effects
; Q* l  v  x1 W- |4 n+ Iof the persistent strength in the Canadian dollar and Canada's poor relative productivity, A6 N4 M6 |" m- c7 M2 u
performance.3 r: B' T# x+ o  [- @+ T  }; J) f

7 D4 S; b# a0 v' `8 b9 RWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
8 Q/ I9 s7 ^. d; ?6 p  DBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the7 Y. R5 N% y' m3 U( W" q2 E
considerable slack in the economy./ _: ~# R" s# B& ^6 F
: f0 J; E% F% T2 [8 ~
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate' _1 n. l& g* ?' c& A' m: J* f  ]
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 H- g4 A( [( W, p1 ~$ X2 per cent inflation target in an environment of significant excess supply in Canada. Any further
% Q8 E8 D; _7 w* ]$ qreduction in monetary policy stimulus would need to be carefully considered.
- [3 M4 N% N( E- f# [1 R- A1 |: `8 bInformation note:
1 N3 K6 q1 o3 o/ H5 h" r
  O( N) \8 R* F9 YThe 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, 2026-7-18 12:25 , Processed in 1.836483 second(s), 13 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