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| Country: |
Canada
| | Definition: |
Overnight rate target
| | Description: |
Overnight Rate Target is the interest considered by BoC to be the average one in the transaction account market. Overnight rate target is the main rate in Canada. To control interest rates level on the overnight market BoC sets the so-called 0.50 width operational range, which mid is the overnight rate target
| | Influence: |
High interest rates decrease consumer lending growth rates and stimulate savings increase, which triggers economic development slowdown. However, speculations on rates hikes usually trigger consumer lending boom. Rates hikes usually trigger capital inflow increase and national currency advance in the mid-term perspective. Still they may trigger economic stagnation and negative impact on the exchange markets in the long-term plan in case rates hikes are not based on high economic growth rates
| | Market Importance: |
| | Released: |
Released eight times per year in accordance with the schedule of the Bank of Canada
| | Source: |
The Bank of Canada
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+7 (495) 710-76-76
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© 1998—2008 «Alpari» |
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