| Bank Of Canada Interest Rate |
| OooOo |
12 July 2005
Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
OTTAWA—The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
Global and Canadian economic developments since the 25 May interest rate announcement have been broadly consistent with the Bank's expectations. In Canada, further progress has been made in adjusting to global developments, and the economy is operating close to its production capacity.
The Bank's outlook for output and inflation in Canada is little changed from the April Monetary Policy Report. The economy is thus projected to continue to operate near its production capacity this year and next, and inflation is expected to return to 2 per cent by the end of 2006.
To support aggregate demand and facilitate the adjustment of the Canadian economy to global developments, the Bank has held the target for the overnight rate unchanged since October 2004. However, in line with the Bank's outlook, some reduction in the amount of monetary stimulus will be required in the near term to keep aggregate demand and supply in balance and inflation on target.
The risks to the outlook through 2006 appear balanced, but over the medium term risks related to global imbalances are increasing.
The Bank's outlook for output and inflation will be discussed in the Monetary Policy Report Update, to be published on 14 July 2005.
Information note:
The Bank of Canada's next scheduled date for announcing the overnight rate target is 7 September 2005.
[url="http://forums.snapsolutions.ca/viewtopic.php?id=165"]Source...[/url] |
| OooOo |
6 December 2005
Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 per cent
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 3 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 1/2 per cent.
Information received since the October Monetary Policy Report (MPR) indicates that the Canadian and global economies have been evolving largely in line with the Bank's expectations. In Canada, despite somewhat stronger than expected output growth in the third quarter, the Bank expects the level of economic activity at the end of 2005 to be about as projected in the MPR. Total CPI inflation, at 2.6 per cent in October, has come down more quickly than expected, primarily reflecting a rapid decline in gasoline prices. Core inflation, at 1.7 per cent in October, is in line with the Bank's projection. Overall, the Bank's outlook for the economy and inflation through 2006 and 2007 is broadly unchanged from October.
The Bank continues to judge that the risks to the outlook are balanced over the short term, but are tilted to the downside through 2007 and beyond. In line with the outlook, some further reduction in monetary stimulus will be required to maintain a balance between aggregate supply and demand over the next four to six quarters and keep inflation on target. The Bank will continue to monitor international developments particularly closely and to assess the adjustments and underlying trends in the Canadian economy, as well as the balance of risks, as it conducts monetary policy to keep inflation on target over the medium term.
Information note:
The Bank of Canada's next scheduled date for announcing the overnight rate target is 24 January 2006.
[url="http://forums.snapsolutions.ca/viewtopic.php?id=165"]Source...[/url] |
| mafisKumA |
let's swap [:(]
The Reserve Bank of Australia today kept interest rates on hold at 5.5% for the ninth consecutive month.
In contrast, the New Zealand Reserve Bank is expected to lift rates again tomorrow, in an effort to tame inflation pressures. New Zealand's Official Cash Rate is currently 7%.
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| OooOo |
quote:
Originally posted by mafisKumA
let's swap [:(]
Let's not. :)
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| dejan |
More ke 'swapuvame' i toa kako:p |
| mafisKumA |
quote:
Originally posted by OooOo
quote:
Originally posted by mafisKumA
let's swap [:(]
Let's not. :)
Would you consider it if i batter my eyelashes [;)][:p][B)]
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| wolf_pack |
u New Zealand mu e majkata samo:) |