MARCH 1st, 2011 -BANK OF CANADA- NO CHANGE FOR THE OVERNIGHT RATE(ZT)

郭森房贷

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.
, k) F8 u2 l% S
' Q) V* M5 W# q: r: H- i/ dThe global economic recovery is proceeding broadly in line with the Bank's projection in its
+ }+ A7 A6 c% V/ u5 d$ t, HJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
9 x0 ?: [& B1 _1 {challenges associated with sovereign and bank balance sheets will limit the pace of the European
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
emerging-market economies is driving the underlying strength in commodity prices, which could
% n0 w' @4 R; V9 S: e4 cbe further reinforced temporarily by supply shocks arising from recent geopolitical events.
: e  S, [- x7 N4 z& S: L
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
/ E$ G" J- o& l: Y" _the anticipated rebalancing of demand. While consumption growth remains strong, there are
" H: q  G+ f$ c6 a2 [/ R9 ?- Lsigns that household spending is moving more in line with the growth in household incomes.
Business investment continues to expand rapidly as companies take advantage of stimulative
+ W) g0 z' J+ q& ifinancial conditions and respond to competitive imperatives. There is early evidence of a
recovery in net exports, supported by stronger U.S. activity and global demand for commodities.
+ ]. p( J) N# X( Y6 ]" `However, the export sector continues to face considerable challenges from the cumulative effects
of the persistent strength in the Canadian dollar and Canada's poor relative productivity
performance.
, |$ T& B- x5 l' P8 B0 i
While global inflationary pressures are rising, inflation in Canada has been consistent with the
3 J( ^) ?2 F2 d9 UBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
+ v: y% V2 P! G: u* X9 L2 f0 A, f/ Zconsiderable slack in the economy.

& j- q: @$ ]- u! G* j& V/ P3 O+ I; yReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
# c, l( a% Q. Jat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
reduction in monetary policy stimulus would need to be carefully considered.
Information note:
7 |! V; E; U4 _, \9 g5 ~' z/ D
The next scheduled date for announcing the overnight rate target is 12 April 2011.

小黄

It won't be changed for a long time.

web123

but banks will raise mortgage rate, for sure.