ZT - Bank of Canada increases overnight rate target to 1/2 per cent

郭森房贷 · 发表于 2010-6-1 07:58

Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market

OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight
rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly
raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal
operating band of 50 basis points for the overnight rate.

The global economic recovery is proceeding but is increasingly uneven across countries, with
strong momentum in emerging market economies, some consolidation of the recovery in the
United States, Japan and other industrialized economies, and the possibility of renewed weakness
in Europe. The required rebalancing of global growth has not yet materialized.
In most advanced economies, the recovery remains heavily dependent on monetary and fiscal
stimulus. In general, broad forces of household, bank, and sovereign deleveraging will add to the
variability, and temper the pace, of global growth. Recent tensions in Europe are likely to result
in higher borrowing costs and more rapid tightening of fiscal policy in some countries - an
important downside risk identified in the April Monetary Policy Report (MPR). Thus far, the
spillover into Canada from events in Europe has been limited to a modest fall in commodity
prices and some tightening of financial conditions.

Activity in Canada is unfolding largely as expected. The economy grew by a robust 6.1 per cent
in the first quarter, led by housing and consumer spending. Employment growth has resumed.
Going forward, household spending is expected to decelerate to a pace more consistent with
income growth. The anticipated pickup in business investment will be important for a more
balanced recovery.

CPI inflation has been in line with the Bank's April projections. The outlook for inflation reflects
the combined influences of strong domestic demand, slowing wage growth, and overall excess
supply.

In this context, the Bank has decided to raise the target for the overnight rate to 1/2 per cent and
to re-establish the normal functioning of the overnight market. This decision still leaves considerable
monetary stimulus in place, consistent with achieving the 2 per cent inflation target in light of the
significant excess supply in Canada, the strength of domestic spending, and the uneven global recovery.

Given the considerable uncertainty surrounding the outlook, any further reduction of monetary
stimulus would have to be weighed carefully against domestic and global economic
developments.

Information note:
The next scheduled date for announcing the overnight rate target is 20 July 2010. A full update
of the Bank's outlook for the economy and inflation, including risks to the projection, will be
published in the MPR on 22 July 2010.

flyingpig · 发表于 2010-6-1 08:07

央行隔夜拆借利率加0.5%,应该对市场的影响不大。

Fontainebleau · 发表于 2010-6-1 08:38

狼终于来了

郭森房贷 · 发表于 2010-6-1 09:48

央行隔夜拆借利率加0.5%,应该对市场的影响不大。
$ W. B# |3 T5 z5 |0 `tara2006 发表于 2010-6-1 08:07

只是增加了ONE QUARTER 0.25%, 不是0.5%。各家商业银行如何跟进，明天应该见分晓。

紫光 · 发表于 2010-6-1 10:11

意料之中。

精打细算 · 发表于 2010-6-1 10:28

这么大胆。

精打细算 · 发表于 2010-6-1 10:30

对了，差点忘了说，之前放了不少风声探试股市。　还算步步为营哦。

孟良焦赞 · 发表于 2010-6-1 11:37

加拿大这届政府太在意面子了，早上新闻说，加拿大是从2008年经济危机以来，G8中第一个由于经济恢复得好加息的国家。

yxia · 发表于 2010-6-1 12:38

The TD Bank was the first to announce a quarter-point hike in its prime lending rate to 2.5 per cent, effective Wednesday, after the Bank of Canada increased its trendsetting rate an identical amount to 0.5 per cent Tuesday morning. Canada's other chartered banks, the prime source of lending for such things as mortgages and business credit, were expected to follow suit.

flyingpig · 发表于 2010-6-1 14:24

4# 郭森房贷
我看贴不仔细。

郭森房贷 · 发表于 2010-6-1 16:09

4# 郭森房贷
% S) \' l8 q/ C0 K: X我看贴不仔细。
tara2006 发表于 2010-6-1 14:24

小罚一下，请您做一碗正宗的麻辣面犒劳一下版主游侠同志！

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