steel futures weekly / monthly analysis report
Bank of Canada Governor Mark Carney said here on the 13th, Canada's current low interest rate policy to stimulate the country's economic recovery effect is obvious, but there are also hidden.
He said that the crisis is not over, just enter a new stage in the circumstances currently facing debt crisis, global economic growth and the patterns are changing, and Canada must adapt to this new situation.
he said World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor World Pipe network informed, although the effect of the current low interest rate policy to stimulate economic recovery in Canada is obvious, but the resulting indebtedness of households increased substantially to make the risks of the Canadian financial system is increasing.
Canadian financial system is relatively stable, but since June this year, the country's economy is facing internal and external challenges. Bank of Canada again in the recently published semi-annual Financial Stability Assessment Report "of the country household debt rate issued a warning that household debt, the foreign trade deficit and the debt crisis in Europe the risks to the Canadian financial system than in the past six months has increased.
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Carney Economic Club of Canada said in a speech: "cyclical and structural factors led to our current low interest rate environment." he said, some of the major developed economies, low interest rate policy is likely to continue for a long period of time.
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since June this year, the Bank of Canada three times in a row to raise interest rates, the benchmark interest rate from 0.25% the lowest level in history increased to 1%. Subsequently, due to Canada's economic growth slowed sharply in October, the Bank of Canada to suspend rate hikes keep interest rates unchanged this month, the Bank of Canada announced the interest rates continue to be maintained at a level of 1%.