Not exact matches
Poloz's
decision to keep the
overnight rate at 1 per cent didn't come as a shock to economists.
(Much of this impression comes from his very first interest
rate decision as Governor in March 2008: a surprise cut of 50 basis points in the
overnight rate on the basis of the U.S. outlook.)
Monetary policy
decisions involve setting the interest
rate on
overnight loans in the money market.
The U.S. Treasuries gained Thursday, taking cues from the Federal Reserve's
overnight decision, where the Fed Funds
rate remained unchanged, with expectations of a slightly higher inflationary pressure.
The concepts that are part of fundamental analysis of currencies:
overnight interest
rates, central banks meetings and
decisions, any macroeconomic news, global industrial, economical, political, and weather news.
«Our
decision regarding our prime
rate is impacted by factors beyond just the Bank of Canada's
overnight rate.
Even the Bank of Canada's latest
decision to keep
overnight target
rates at 0.5 % is the equivalent of saying: We're keeping with the status quo.
Regardless of any potential movement in the
overnight and prime lending
rates, as always I recommend to my clients to refer back to your original
decision to choose a variable
rate mortgage.
The Bank of Canada made the
decision to hike up the
overnight interest
rate after years of the Canadian economy performing strongly due to lower
rates.
Indeed, on June 1st, the Bank announced its
decision to raise its trendsetting
overnight lending
rate by 25 basis points to a 1/2 a per cent, and indicated it expects the
rate of growth to slow for consumer spending.