-- 蒙特婁銀行(BMO)表示,加拿大央行週三維持利率不變,仍為2.25%,符合預期。 該行指出,政策聲明基於事實,強調了油價和貿易前景的不確定性。經濟表現基本上符合預期,在第四季萎縮後出現反彈。 勞動市場依然疲軟。加拿大央行認為油價上漲對經濟成長的影響基本上是中立。通膨評論強調了核心通膨指標增速放緩,但指出加拿大央行將密切關注能源價格上漲的傳導效應。 蒙特利爾銀行表示,加拿大央行目前將忽略較高的整體通膨,但不會允許其演變為持續性通膨。 貨幣政策報告對經濟成長前景進行了小幅調整。第一季國內生產毛額成長預期略為下調至1.5%,第二季預期為1.5%,但蒙特婁銀行較為謹慎,認為第二季成長預期應為1.0%。這使得2026年的經濟成長率達到1.2%,實際上比1月貨幣政策報告(MPR)的預測略有上調。 通膨預測的變動幅度也不大,2026年第四季整體通膨率從1.9%下調至2.2%,而核心消費者物價指數則從2.1%下調至2.0%。 中性通膨區間維持在2.25%至3.25%不變。今年和2027年的潛在成長率分別略微下調至1.2%和1.3%,但這項調整主要是由於歷史GDP數據的修正。該行補充道,這意味著今年剩餘時間內產出缺口將基本保持不變,在-1.5%至-0.5%之間,然後在2027年隨著經濟成長回升至高於潛在水平,產出缺口將略有收窄。 前景仍有許多未知因素,其中石油和貿易是最大的未知數。據蒙特利爾銀行(BMO)稱,在情況更加明朗之前,加拿大央行可能會維持利率不變。 然而,政策制定者顯然希望抑制第二輪通膨的影響,因此,如果能源價格沒有回落,未來幾個月的消費者物價指數(CPI)數據將受到密切關注。
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