Bank of Canada changed the Overnight rate from2.2500 to 2.5000

二傻子 · Oct 19th, 2004, 22:57

http://www.bankofcanada.ca/en/

Bank of Canada raises overnight rate target by 1/4 percentage point
to 2 1/2 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 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent.

The Canadian economy is operating near its production capacity and continues to adjust to global economic developments. Recently, world oil prices have risen well above the Bank's earlier assumptions and the Canadian dollar has appreciated further.

Looking ahead over the period to the end of 2006, the Bank's base-case projection calls for aggregate demand for Canadian goods and services to expand, on average, at about the same rate as potential output. Given the effects of higher oil prices and the past appreciation of the Canadian dollar, the Bank projects growth to be slightly less than 3 per cent in 2005, and slightly more than 3 per cent in 2006. With the economy expected to remain near its production capacity throughout this period, core inflation is projected to move back to the 2 per cent target by the end of 2005. Reflecting higher world oil prices, total CPI inflation is projected to move well above core inflation in the first half of 2005 and fall slightly below core inflation in 2006.

Against this background, the Bank decided to raise its target for the overnight rate. Further reduction of monetary stimulus will be required over time to keep inflation on target, with the pace depending on the Bank's continuing assessment of the prospects for factors that affect pressures on capacity and, hence, inflation. The details of the Bank's outlook for output and inflation and an analysis of the significant risks and uncertainties associated with this outlook will be discussed in the Monetary Policy Report, to be released on 21 October 2004.

Information note:
The Bank of Canada's next scheduled date for announcing the overnight rate target is 7 December 2004.

Oct 19th, 2004, 22:57	#1
二傻子多伦多的情圣注册日期: Oct 2004 住址: Toronto 帖子: 100	Bank of Canada changed the Overnight rate from2.2500 to 2.5000 http://www.bankofcanada.ca/en/ Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 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 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent. The Canadian economy is operating near its production capacity and continues to adjust to global economic developments. Recently, world oil prices have risen well above the Bank's earlier assumptions and the Canadian dollar has appreciated further. Looking ahead over the period to the end of 2006, the Bank's base-case projection calls for aggregate demand for Canadian goods and services to expand, on average, at about the same rate as potential output. Given the effects of higher oil prices and the past appreciation of the Canadian dollar, the Bank projects growth to be slightly less than 3 per cent in 2005, and slightly more than 3 per cent in 2006. With the economy expected to remain near its production capacity throughout this period, core inflation is projected to move back to the 2 per cent target by the end of 2005. Reflecting higher world oil prices, total CPI inflation is projected to move well above core inflation in the first half of 2005 and fall slightly below core inflation in 2006. Against this background, the Bank decided to raise its target for the overnight rate. Further reduction of monetary stimulus will be required over time to keep inflation on target, with the pace depending on the Bank's continuing assessment of the prospects for factors that affect pressures on capacity and, hence, inflation. The details of the Bank's outlook for output and inflation and an analysis of the significant risks and uncertainties associated with this outlook will be discussed in the Monetary Policy Report, to be released on 21 October 2004. Information note: The Bank of Canada's next scheduled date for announcing the overnight rate target is 7 December 2004.
二傻子多伦多的情圣注册日期: Oct 2004 住址: Toronto 帖子: 100	对于广大白领一族来说，“心理健康扶贫”势在必行。我们除了要过富足的物质生活，更要有和谐的精神生活。这就需要一定的教育手段来实现，人们都需要强化心理健康意识。只有这样，才能减少精神疾病的发生，促进家庭和谐，改善人际关系，以提高工作效率。 ++++++++++++++++++++++++++++++++++ 多么蓝的天哪，一直超前走，不要往两边看。。。老移民来了，我们也来了，还有人要来就让他们来吧！