Created Mon 1st Dec 2008 7:12am PST by genestealeruk

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By how many basis points will the ECB Interest Rate be cut in December?

The ECB cut it rate by 1% which is 100 basis points.

"The European Central Bank has cut its benchmark interest rate to 2.5 percent, following similar moves by central banks across the continent. The rate was previously at 3.25 percent, and some analysts had predicted it could have cut rates even lower in light of the financial meltdown."
http://www.msnbc.msn.com/id/28048061/

Background:

Settlement details: As reported by a major mainstream news source.

By how many basis points will the ECB Interest Rate be cut in December?

    Increase in Interest Rates

    No Cut in Interest Rates

    1-25 Basis Point Cut

    26-50 Basis Point Cut

    51-100 Basis Point Cut

    101+ Basis Point Cut

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Forecast history, %

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Settled

	Increase in Interest Rates	1%
	No Cut in Interest Rates	2%
	1-25 Basis Point Cut	3%
	26-50 Basis Point Cut	32%
	51-100 Basis Point Cut	59%
	101+ Basis Point Cut	4%

Activity: H$7,554

Settled as 51-100 Basis Point Cut on Thu 4th Dec 2008 6:46am PST

Suspend date: Sat 20th Dec 2008 11:59pm PST Settlement date: Thu 4th Dec 2008 6:46am PST

Initial likelihoods: Increase in Interest Rates: 2%, No Cut in Interest Rates: 3%, 1-25 Basis Point Cut: 5%, 26-50 Basis Point Cut: 60%, 51-100 Basis Point Cut: 20%, 101+ Basis Point Cut: 10%

Action history:

Created Mon 1st Dec 2008 7:12am PST by genestealeruk

Suspended Thu 4th Dec 2008 5:16am PST by bayoubear: pending details from announcements

Settled as '51-100 Basis Point Cut' Thu 4th Dec 2008 6:46am PST by bayoubear: The ECB cut it rate by 1% which is 100 basis points.

"The European Central Bank has cut its benchmark interest rate to 2.5 percent, following similar moves by central banks across the continent. The rate was previously at 3.25 percent, and some analysts had predicted it could have cut rates even lower in light of the financial meltdown."
http://www.msnbc.msn.com/id/28048061/

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Suspend date: Sat 20th Dec 2008 11:59pm PST Settlement date: Thu 4th Dec 2008 6:46am PST
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Predictions (7)

7 predictions

4 weeks ago

paulgrayson predicted 51-100 Basis Point Cut (H$50 at 59%)

5 weeks ago

genestealeruk predicted 26-50 Basis Point Cut (H$500 at 28%)

5 weeks ago

obammer predicted 26-50 Basis Point Cut (H$50 at 52%)

Comments (1)

  1 genestealeruk

I have flagged this for review to change "0-25 Basis Point Cut" to "1-25 Basis Point Cut". The latter is what I had meant to enter.

posted 5 weeks ago

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