埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1776|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.& y' C4 B7 s9 k+ w9 B$ \' x

- N! x* C' Z. i) V% vThe global economic recovery is proceeding broadly in line with the Bank's projection in its
. A4 ]  b% T+ XJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is6 |" U4 K6 k7 C$ G( W" n9 C
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing$ x9 V; a& h4 P( j( k9 ]6 A* B5 ]
challenges associated with sovereign and bank balance sheets will limit the pace of the European
; R7 T) @2 ~5 H3 b& `9 X9 {recovery and are a significant source of uncertainty to the global outlook. Robust demand from
, T, |) }, m" Z4 K% [  pemerging-market economies is driving the underlying strength in commodity prices, which could
8 g$ w! J' _6 k3 bbe further reinforced temporarily by supply shocks arising from recent geopolitical events.7 a/ v4 k! A: x) ^0 k

$ b- m& W7 P; o$ l5 IThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
# m  T5 O2 U$ u# b- _" Xthe anticipated rebalancing of demand. While consumption growth remains strong, there are- v6 a  D5 n6 O6 M
signs that household spending is moving more in line with the growth in household incomes.
# S/ L' k/ f( N/ v# XBusiness investment continues to expand rapidly as companies take advantage of stimulative
3 V) J! t: u; _# @+ Y; sfinancial conditions and respond to competitive imperatives. There is early evidence of a
" v) ~0 c5 F( Q( p0 i0 Erecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
. O' z; q. I# ]! n" gHowever, the export sector continues to face considerable challenges from the cumulative effects
: v, [  a' u5 L9 J* Q+ ]of the persistent strength in the Canadian dollar and Canada's poor relative productivity
( v; j& N3 F+ v; {% ]performance.
8 C0 T% A6 d2 r+ w0 m! u. R* N) _: e4 _0 W
While global inflationary pressures are rising, inflation in Canada has been consistent with the
2 ^$ M9 x+ L1 QBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
/ @; W8 K* Z/ J. {: _+ pconsiderable slack in the economy.* M6 O& O, S$ m, |

8 {, I- c- G4 |Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate1 h5 a4 h: p! I3 n: X* _/ B7 l
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 x, {7 z8 S4 v  ]3 ~2 per cent inflation target in an environment of significant excess supply in Canada. Any further1 g+ n" l/ ^, h, f5 T2 H
reduction in monetary policy stimulus would need to be carefully considered.
  N- ~) m/ H' N: v' R# LInformation note:
1 R3 {: `2 n* @& _3 x2 X4 a) ^, R  a3 X( J' c& u  s
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.
理袁律师事务所
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, 2026-3-23 07:16 , Processed in 0.140816 second(s), 15 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