注意 今晚 21:00 加拿大央行利率决议

迪克

原帖由 BY 於 2007-7-10 09:03 PM 發表
加拿大央行加息 0.25%.

by: 請點還有什麼樣的聲明.謝謝

淘金一族

jingyu

看来是要大涨了

BY

The Bank of Canada raised its benchmark interest rate for the first time in more than a year, and signaled further action may be needed to slow inflation.

The target rate for overnight loans increased a quarter point to 4.5 percent, a six-year
high, and 75 basis points less than the U.S. Federal Reserve's target. All but one economist in a Bloomberg News survey predicted today's increase. Economists expect another tightening in
September, according to the median of 18 estimates in a separate survey taken July 3.

``Some modest further increase in the overnight rate may be required to bring inflation back to the target over the medium term,'' the Ottawa-based central bank said today in a statement.
The phrase differs from the last statement in May, when the central bank didn't use the word ``modest,'' and said an increase may be needed ``in the near term.''

Inflation excluding eight goods with volatile prices such as fuel has been above the central
bank's 2 percent target for 10 months. Policy makers repeated today the economy is
overstretched, suggesting further price gains. Governor David Dodge faced pressure to keep
rates on hold longer, from exporters and unions who say today's increase will send the currency to parity with the U.S. dollar and cost jobs.

``The Bank of Canada is looking to recalibrate its target rate to a level consistent with an
economy operating at or above full capacity,'' Stewart Hall, an economist at HSBC Securities
Canada in Toronto, said before today's announcement. The benchmark rate may reach 5
percent by October, he said.

Canada's dollar dipped to 95.09 U.S. cents at 9:07 a.m. in Toronto from 95.24 U.S. cents
yesterday, when the currency reached 95.74 cents, the highest since March 3, 1977. The
dollar last traded at parity with the U.S. dollar in 1976, and has gained over the past year on a
strengthening economy and rising global prices for exported commodities such as oil and copper.

Growth Forecast

The central bank raised its economic growth forecast for this year today to 2.5 percent from an April prediction of 2.2 percent, and said inflation will be ``slightly higher and more persistent'' than expected. Inflation should slow to 2 percent by early 2009, with the risks ``balanced''
between rising household spending, and the drag of a higher Canadian dollar and slower U.S.
demand.

Canada's currency has ``appreciated sharply'' in recent months, today's statement said, and the central bank raised its assumed trading range to between 93 and 95.5 U.S. cents.

Canadian policy makers' move today leaves the U.S. Fed as the only Group of Seven central
bank that hasn't increased rates this year. The Bank of England last week increased its
benchmark rate to a six-year high 5.75 percent, and the European Central Bank raised rates in
June before leaving them unchanged July 5.

Surging investment in the western Canadian province of Alberta -- as companies develop the
biggest pool of oil reserves outside the Middle East -- is driving up wages, housing costs and
prices of other goods and services.

Core Inflation

So-called core inflation, which excludes eight unstable prices and is used by central bankers as a guide to future trends, reached a four-year high of 2.5 percent in April before slowing to 2.2
percent in May. Overall inflation will peak at 2.9 percent in the fourth quarter, according to
economists surveyed by Bloomberg last month, close to the top end of the central bank's 1 to 3 percent target band.

Companies are struggling to hire and meet demand. The jobless rate has been at or near a
three-decade low 6.1 percent throughout the past year. In a Bank of Canada survey released
June 29, 55 percent of executives said they'd have trouble with unforeseen orders, the highest in almost seven years.

Those gains suggest struggling factories in the central Canadian provinces of Ontario and
Quebec aren't dragging down the world's eighth-largest economy. Still, the dollar's surge has made manufactured goods less competitive abroad and caused plant closures. Dodge has said he has to focus on inflation and the national economy instead of
specific regions or industries.

迪克

原帖由 BY 於 2007-7-10 09:32 PM 發表
The Bank of Canada raised its benchmark interest rate for the first time in more than a year, and signaled further action may be needed to slow inflation.

The target rate for overnight loans  ...

謝謝 by..