Sentences with phrase «overnight target»

That's because the central bank's overnight target rate sets the tone for determining where mortgage rates will go.

Of the 15 member projections, 7 expect a total of four hikes in the key overnight target rate; 8 expect three moves or less.

In sticking with its 1.25 per cent overnight target, the central bank blamed recent trade policy changes for the thickening clouds around the economic outlook.

The central bank left its benchmark overnight target unchanged for a 25th consecutive month Tuesday, a pause unseen since the early 1950s.

Canadian $ went up with that news, will Canadian overnight target also go up?

Bank of Canada once more decided to stay on sideline while it comes to raising overnight target rate.

We all know about the close relationship between the prime rate and Overnight Target Lending rate.

I was trying to see the response of the market prior to BOC overnight target rate reset.

The Federal Reserve's current overnight target rate is 1.5 % -1.75 %.

That truly was the question and Bank of Canada governor, Stephen Poloz, answered this morning by maintaining the bank's overnight target rate at 0.5 %.

Now, based on the experience in Europe, the Bank of Canada reckons it could cut the overnight target to at least negative 0.5 %, the central bank's new effective lower bound.

Avery Shenfeld, chief economist at CIBC World Markets, recalled in a commentary last week that before the Bank of Canada adopted its current policy of setting the overnight target eight times a year at scheduled intervals, the benchmark rate used to move around all the time.

I would submit that was the rationale for the Bank of Canada's decision to lower the overnight target to 0.5 % in July.

(The Bank of Canada would cut its policy rate a second time in July, dropping the overnight target to its current 0.5 %.)

Conversely, standard — or traditional — monetary policies used by central banks include open market operations to buy and sell government securities, setting the overnight target interest rate, setting bank reserve requirements and signaling intentions to the public.

Today's announcement from the Bank of Canada that it would maintain the overnight target rate at 0.5 % could signal business as usual for Canada's real estate market — another way of saying that home sales will continue be fast and furious in the nation's two hottest markets, Toronto and Vancouver.

This is a fancy way of saying it establishes an overnight target interest which is then used by banks to set the prime rate.

The BoC's main tool is by setting the overnight target interest rate.

It is not news that Bank of Canada left the overnight target rate as - is (@ 1 %).

The middle level is Overnight Target rate.

As a result, the BoC announced, on January 20, 2016, that it would maintain its overnight target rate at 0.5 %.

Stephen Poloz decided to stay the course, announcing this morning that the central bank would maintain the overnight target rate at 0.5 %.