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2018年3月8日 星期四

2018-03-08 紐約匯市─ 美元反轉了柯恩辭職所引發的跌勢

- The Bank of Canada (BoC) left the the overnight lending rate unchanged at 1.25%, as was widely expected (rates markets were pricing in a 88% chance ahead of time).
A cautionary outlook on trade policy and low inflation led the BOC to hold interest rates at this meeting
Since the BoC released their a monetary policy report at the last meeting, no official report was released at this meeting. However, there was an official press release. We have noted the most important points below:
  • Inflation: Inflation is running close to the 2 per cent target and the Bank’s core measures of inflation have edged up, consistent with an economy operating near capacityInflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages. ”
  • Trade Policy: “Global growth remains solid and broad-basedHowever, trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks.
  • Trade balance: “The gain in imports mainly reflected stronger business investment, which adds to the economy’s capacity.
  • Housing: “…softer [housing] data at the beginning of this year, indicate some pulling forward of demand ahead of new mortgage guidelines and other policy measures.
  • Houshold debt: “…household credit growth has decelerated for three consecutive months. The implications of the recent federal budget for the outlook for growth and inflation will be incorporated in the Bank’s April projection.
若美國課徵關稅,加拿大將受創最重,因加拿大是對美國出口鋼與鋁的最大出口國。
加拿大週三決議維持利率不變,並說近來貿易政策的發展,讓人擔憂全球與加拿大的經濟成長。