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.

- r4 u' V. b! |7 g* _4 x2 x  sThe global economic recovery is proceeding broadly in line with the Bank's projection in its
9 u: [1 p% G! u4 n' }! ]& l5 m# rJanuary Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is
. s/ n! B$ t4 I; J/ p4 Z* Wsolidifying and remains supported by stimulative fiscal and monetary policies. Ongoing
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
1 m, C4 U, u4 Ebe further reinforced temporarily by supply shocks arising from recent geopolitical events.

/ d* t2 N! M, g  ]& g" i3 LThe recovery in Canada is proceeding slightly faster than expected, and there is more evidence of
) `* k7 j  |, L8 y2 h. pthe anticipated rebalancing of demand. While consumption growth remains strong, there are
# ~/ L9 L. ]/ L/ {1 w0 Csigns that household spending is moving more in line with the growth in household incomes.
8 F4 I; k. A' A: z9 O9 x$ ABusiness investment continues to expand rapidly as companies take advantage of stimulative
financial 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.
However, the export sector continues to face considerable challenges from the cumulative effects
* S3 ~& N/ b* s5 A0 Q: P1 T' s' j9 Wof the persistent strength in the Canadian dollar and Canada's poor relative productivity
performance.
! b3 P' Y  ^% R- [: g5 s3 Q- \% [( I
- H9 W1 q9 [; w$ HWhile global inflationary pressures are rising, inflation in Canada has been consistent with the
% h7 i0 j3 g" d, WBank's expectations. Underlying pressures affecting prices remain subdued, reflecting the
considerable slack in the economy.

/ O& O8 ~% |- d) D5 IReflecting all of these factors, the Bank has decided to maintain the target for the overnight rate
at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the
3 d- ^7 [2 p  W. d2 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.
6 w" o, r' l, G0 z6 j6 F* h8 ]0 HInformation note:
. _# G4 `* e& H+ |  a9 W
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.