Breaking news---Bank of Canada holds interest rate at 0.25% & No Surprise from US Fed
- 主题发起人 贾和平
- 开始时间
BofC Statement Key points:
* With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate.---- means remove the BofC guidance on " interest rate won't stay low for a long time as Tiff stated in May 2020
* The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds roughly constant.---- Means when any amount of the government bond in QE hold now matures Bof C will buy same amount ( Trudeau is happy, a god job, Freeland)
* Overall, the Bank projects global GDP growth to moderate from 6¾ % in 2021 to about 3½ % in 2022 and 2023. After GDP growth of 4½ % in 2021, the Bank expects Canada’s economy to grow by 4% in 2022 and about 3½ % in 2023 ( if CPI 4.8% Y/Y now maintains or close to that number real GDP is positive or negative?)
* The Governing Council therefore decided to end its extraordinary commitment to hold its policy rate at the effective lower bound. Looking ahead, the Governing Council expects interest rates will need to increase, with the timing and pace of those increases guided by the Bank’s commitment to achieving the 2% inflation target.
Note: this is what I understand from their statement. Any discrepancy should be based on an explanation in their press conference. BTW, if you want a higher interest rate to counter CPI, go to ask pay raise or fire your box when finding a better job.
* With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate.---- means remove the BofC guidance on " interest rate won't stay low for a long time as Tiff stated in May 2020
* The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds roughly constant.---- Means when any amount of the government bond in QE hold now matures Bof C will buy same amount ( Trudeau is happy, a god job, Freeland)
* Overall, the Bank projects global GDP growth to moderate from 6¾ % in 2021 to about 3½ % in 2022 and 2023. After GDP growth of 4½ % in 2021, the Bank expects Canada’s economy to grow by 4% in 2022 and about 3½ % in 2023 ( if CPI 4.8% Y/Y now maintains or close to that number real GDP is positive or negative?)
* The Governing Council therefore decided to end its extraordinary commitment to hold its policy rate at the effective lower bound. Looking ahead, the Governing Council expects interest rates will need to increase, with the timing and pace of those increases guided by the Bank’s commitment to achieving the 2% inflation target.
Note: this is what I understand from their statement. Any discrepancy should be based on an explanation in their press conference. BTW, if you want a higher interest rate to counter CPI, go to ask pay raise or fire your box when finding a better job.
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InterMilan7
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对于一身债的人来说，这信息太好了
对于一身债的人来说，这信息太好了
假設貸款餘額一百萬，加息0.25個百分點，相當於每月負擔多兩百多。
Littlecesar
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