埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1801|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.' R; `2 L( U$ T  W& J  m
$ p' u0 W" V% E
The global economic recovery is proceeding broadly in line with the Bank's projection in its
4 p& {2 m2 i/ R6 ?1 ^% {; ^& CJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is4 j, E& q; _$ _
solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing& l* N# I. i+ L0 T9 Y0 O% @
challenges associated with sovereign and bank balance sheets will limit the pace of the European8 i$ ?5 X$ @, v
recovery and are a significant source of uncertainty to the global outlook. Robust demand from
3 A/ \/ D7 @% p1 u+ nemerging-market economies is driving the underlying strength in commodity prices, which could
4 K7 r$ h7 V3 R1 Z* k% xbe further reinforced temporarily by supply shocks arising from recent geopolitical events.
$ W2 R; h% c& W' `+ ?( T  L- k' @9 ~* [) @+ O3 J
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of0 q- K$ `3 X* m& z" Y
the anticipated rebalancing of demand. While consumption growth remains strong, there are( R' D0 ~7 o. Y( h/ H
signs that household spending is moving more in line with the growth in household incomes.
: D+ k4 g3 q( S; L+ q8 F8 @Business investment continues to expand rapidly as companies take advantage of stimulative1 j0 ^* o( @& \4 i. x7 ^- Q( [
financial conditions and respond to competitive imperatives. There is early evidence of a
: r1 h) u* N- q2 P, ~; Frecovery in net exports, supported by stronger U.S. activity and global demand for commodities.
+ n2 E# h) O; Y9 D$ z4 n2 \6 O( Z7 jHowever, the export sector continues to face considerable challenges from the cumulative effects
& g( I1 p! F7 w- k* |6 O1 U+ Nof the persistent strength in the Canadian dollar and Canada's poor relative productivity. B1 l! Z  O" b. n
performance.+ |: O2 ~7 }; }. M: C- C
) N" h  m2 t$ n6 I$ E4 B# K  e
While global inflationary pressures are rising, inflation in Canada has been consistent with the( a! e0 o' k- e" u# T- g9 _
Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the; w9 x4 Q- F: |3 V" q; A
considerable slack in the economy./ k5 D( I' W. C! A& C& h! d
+ F/ k! d- o, ]! l
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
* l- M- x  u& L8 G# r2 @: Fat 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the) C* s: ^7 }8 f' f! O
2 per cent inflation target in an environment of significant excess supply in Canada. Any further
1 B; G" h! S  J  @/ q$ ?* i/ [reduction in monetary policy stimulus would need to be carefully considered.
# O) J" F, ~; U) i$ D& n; PInformation note:& F8 [# F" |* i

8 ~' w9 C6 B  W& [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.
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, 2026-4-2 21:37 , Processed in 0.101829 second(s), 14 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