
Will central banks co-ordinate a second global rate cut in 2008?
A coordinated global rate cut such as occurred on Oct. 8 did not happen again in 2008.
Background:>
This past Wednesday....
"Central banks around the world cut interest rates in unison on Wednesday but the unprecedented move failed to help battered stocks, thaw credit markets or temper forecasts for a sharp global economic downturn."
http://www.reuters.com/article/ousiv/idUSTRE49542Y20081008
Settlement details:As reported by <a href="http://www.reuters.com">www.reuters.com</a>
- Activity: H$22,596 |
- Predictions: 31 |
Comments: 6
Suspend date: Sun 21st Dec 2008 11:59pm PST
Settlement date: Fri 2nd Jan 5:03am PST
Prediction cut-off: Predictions on this question after Sun 21st Dec 2008 11:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: Yes: 30%
Action history:
Suspend date: Sun 21st Dec 2008 11:59pm PST
Settlement date: Fri 2nd Jan 5:03am PST
Prediction cut-off: Predictions on this question after Sun 21st Dec 2008 11:59pm PST have been voided because they were made after the question could be settled details
Predictions (31)
Comments (6)
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Here's a statment from a news article:
The Bank of Thailand slashed its main interest rate for the first time in 16 months to help an economy hit both by the global crisis and political unrest, cutting 100 basis points to 2.75 percent. Australia cut rates on Tuesday and the euro zone, Britain, Sweden and New Zealand all make decisions on Thursday.
http://www.reuters.com/article/topNews/idUSTRE4AL2C720081203
At this time I'm leaving the question open, but may suspend or settle based on developments in the near future....
If it does, the question can be settled as yes...if not, the question should probably be settled as no.
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