Discover and read the best of Twitter Threads about #ratecut
Most recents (6)
Will interest rate cut be enough? mp.weixin.qq.com/s/VnrMVeAnm6PW…
At noon of March 3rd, Beijing time, the Reserve Bank of Australia reduced interest rates by 25 basis points, kicking off another round of #ratecut through the Occident this year, followed by Malaysia, an emerging economy, which also announced interest rate reduction.
Later on, shortly after the open of U.S. #stockmarket, the #Fed released its rate decision -- a 50-basis-point rate cut, while its rate and magnitude were beyond expectations. However, the US stocks fell sharply after a brief rebound.
India MPC - Initial thoughts
1. No cut was a surprise. I had gone in with 35!
2. Looks like the RBI listened to the market which has been saying that further cuts will not help revive growth.
3. Clearly RBI is satisfied with transmission - 137 in call money and 218 in CPs! /1
1. No cut was a surprise. I had gone in with 35!
2. Looks like the RBI listened to the market which has been saying that further cuts will not help revive growth.
3. Clearly RBI is satisfied with transmission - 137 in call money and 218 in CPs! /1
India MPC - Initial thoughts
Contd.
4. Inflation per RBI seems a much greater risk than the market sees it. H2 revision from 3.5-3.7 to 4.7-5.1 is massive!
5. Growth revised down from 6.1 to 5 but there is belief that whatever the govt is doing to revive growth is /will work /2
Contd.
4. Inflation per RBI seems a much greater risk than the market sees it. H2 revision from 3.5-3.7 to 4.7-5.1 is massive!
5. Growth revised down from 6.1 to 5 but there is belief that whatever the govt is doing to revive growth is /will work /2
India MPC - Initial thoughts
contd
Bonds have expectedly sold off more than 10 bps. Expect 10 yr to settle around 6.50%. Rupee seems unchanged at 71.57 and Nifty is holding above 12k.
/3
contd
Bonds have expectedly sold off more than 10 bps. Expect 10 yr to settle around 6.50%. Rupee seems unchanged at 71.57 and Nifty is holding above 12k.
/3
#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
@threadreaderapp
#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
@threadreaderapp
#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
Hearing the RBI Guv and the #Fed Chair talk over the past 24 hrs two interesting differences come through. Dr. Das is much more confident though reserved in committing to numbers. Jay Powell is more transparent but does not exude confidence in his words. /1
#RBI #India #ratecut
#RBI #India #ratecut
A much better performance from Powell. But his tone and body language clearly showed that he believed that the US economy is doing well and this is just an insurance cut against the Trump Trade War and global weakness
#Powell #FOMC #ratecut #Trump #Fed /1 @threadreaderapp
#Powell #FOMC #ratecut #Trump #Fed /1 @threadreaderapp
@c_ehrbar Laugh all you want, I look at every timeframe on everything that I'm concerned with. I chose the 1H timeframe here, and even the 3m too on a facebook post, to serve as a "before" image if/when it plays out as quickly as expected. Then I can make something like this yet again. 
@c_ehrbar An example of higher timeframe context that I've been providing... Notice how nicely it bounced from the .886 retracement 125 days after I posted it.
tradingview.com/chart/NDX/ca8z…
#StockMarket $DJI $NDX $SPX $SPY
tradingview.com/chart/NDX/ca8z…
#StockMarket $DJI $NDX $SPX $SPY
