Created Sun 12th Oct 5:05am PDT by 
lrossouw
All questions » Business » Economics » lrossouw Will the Reserve Bank of South Africa cut the repo rate (currently 12%) before end of 2008?
Current forecast: 29% chance 
Combining all predictions, the current forecast is that this is 29% likely to happen (unchanged in last 1 day)
At its most recent meeting on 9 October the bank left rates unchanged where other central banks around the world were cutting rates. Will they cut interest rates before the end of the year?
The Monetary Policy Committee meets next on 10/11 December but this does not stop them from making emergency adjustments before or after that date.
See the Monetary Policy Committee Stance:
http://www.reservebank.co.za/internet/publication.nsf/WCEV/4AF517A0A7ACE652422574DD004529C6/?opendocument
Business Day article:
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A859379
The Monetary Policy Committee meets next on 10/11 December but this does not stop them from making emergency adjustments before or after that date.
See the Monetary Policy Committee Stance:
http://www.reservebank.co.za/internet/publication.nsf/WCEV/4AF517A0A7ACE652422574DD004529C6/?opendocument
Business Day article:
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A859379
Settlement details:
As reported on the Reserve Bank's website or by a major mainstream news source (see links below).
Will settle "Yes" if repo rate drops below 12% at any point before end of the year (even if it subsequently increases again). "No" if rate never drops or increases.
http://www.reservebank.co.za/internet/publication.nsf/WLNV/AAB6639E83B55EB742256B20003FB07F?opendocument
Make your prediction!
|
|
Yes |
|
|||
|
|
No |
|
Activity: H$2,084
Question suspends in 4 weeks
Suspend date: Wed 31st Dec 1:59pm PST (4 weeks to go)
Initial likelihoods: Yes: 25%
Action history:
Created Sun 12th Oct 5:05am PDT by lrossouw
lrossouw
Suspend date: Wed 31st Dec 1:59pm PST (4 weeks to go)
more info...
Get widget!Predictions (6)
6 predictions
growthy
curios
kruijs![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted Yes (H$500 at 26%)
oppugnerComments (0)
What is Hubdub?
Hubdub makes news more exciting by letting you stake virtual dollars on the outcomes of real running news stories.
Join now or learn moreRelated News
This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
CNBC 4 days ago
JOHANNESBURG, Nov 28 (Reuters) - Growth in demand for credit by South Africa's private sector slowed less than expected to 16.17 percent year-on-year in October from a downwardly revised 16.28 percent in September, central bank data showed on Friday
score: 10
Biz Community 5 days ago
By: Bathandwa Mbol South Africa's targeted Consumer Price Index (CPIX), excluding mortgage rate changes, slowed for the second consecutive month to 12.4% year-on-year in October, indicating that there might be a cut
score: 10
Forbes.com 5 days ago
JOHANNESBURG, Nov 27 (Reuters) - South Africa's producer price inflation slowed more than expected in October, official data showed on Thursday, supporting the case for a rate cut. Statistics South Africa said PPI inflation eased
score: 10
Moneyweb 5 days ago
Supports rate cuts. Reuters (Reuters) - South Africa's producer price inflation slowed more than expected in October, official data showed on Thursday, supporting the case for a rate cut. Statistics South
score: 10
Moneyweb 6 days ago
Rate cuts could be on the way. (Reuters) - South Africa's targeted inflation rate slowed for the second consecutive month in October, data showed on Wednesday, pointing to easing price
No comments yet
Please log in or join to add a comment