本文发表在 rolia.net 枫下论坛The Bank of Canada reaffirmed this morning that it is in no hurry to do much of anything on the rates front any time soon. The Bank left the overnight rate unchanged at 2 ½% and its accompanying commentary was largely unchanged from previous commentary.
Anyone hoping that the Bank might have given even a nod in the direction of some of the risks to the outlook was surely disappointed. The Bank stated that the global and Canadian economies are evolving largely as expected, that it is not altering its views going forward, that it expects the economy to move back to overall production capacity in the second half of 2006, and that it therefore expects core inflation only to trend back up to the 2% target by the end of next year.
There is, therefore, no reason for our view on the interest rate outlook to change. We still are of the view that the Bank of Canada will leave rates unchanged until the fourth quarter of the year when we expect rates to rise by about a half a percentage point by year’s end. The next scheduled interest rate announcement is May 25th. We expect no change in rates then either.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Anyone hoping that the Bank might have given even a nod in the direction of some of the risks to the outlook was surely disappointed. The Bank stated that the global and Canadian economies are evolving largely as expected, that it is not altering its views going forward, that it expects the economy to move back to overall production capacity in the second half of 2006, and that it therefore expects core inflation only to trend back up to the 2% target by the end of next year.
There is, therefore, no reason for our view on the interest rate outlook to change. We still are of the view that the Bank of Canada will leave rates unchanged until the fourth quarter of the year when we expect rates to rise by about a half a percentage point by year’s end. The next scheduled interest rate announcement is May 25th. We expect no change in rates then either.更多精彩文章及讨论，请光临枫下论坛 rolia.net