fandacious Posted October 7, 2008 Posted October 7, 2008 http://www.busrep.co.za/index.php?fArticleId=4647363 Johannesburg - In a desperate attempt to restore stability to financial markets, at least nine central banks are likely to synchronise interest rates cuts within 10 days. This is the view of Michael Power, an investment strategist at Investec Asset Management, who yesterday predicted that South Africa's Reserve Bank "will follow almost immediately".
fandacious Posted October 7, 2008 Author Posted October 7, 2008 yeah i suppose so.. but interesting idea tho.. the banks always whine about how they are obligated to raise rates when reserve bank does so... but i see they CAN drop them if they want...
MintSauce Posted October 7, 2008 Posted October 7, 2008 Bank and insurance companies.....two of the greatest evils of the modern world
Tumbleweed Posted October 7, 2008 Posted October 7, 2008 Bank and insurance companies.....two of the greatest evils of the modern world maybe we should invest in dunlopillow?
bruce Posted October 7, 2008 Posted October 7, 2008 Synchronised rate cuts - sounds like price fixing to me, I think we should complain!!!
Jackes Posted October 7, 2008 Posted October 7, 2008 Heard Dawie Roodt this morning and he reconned we will not follow, at least not this time round but next quater ..
Tumbleweed Posted October 7, 2008 Posted October 7, 2008 Synchronised rate cuts - sounds like price fixing to me' date=' I think we should complain!!![/quote'] i predict this thread will get to 70-odd pagesholy roller2008-10-07 00:35:18
hagar Posted October 7, 2008 Posted October 7, 2008 Synchronised rate cuts - sounds like price fixing to me' date=' I think we should complain!!![/quote']
bruce Posted October 7, 2008 Posted October 7, 2008 Synchronised rate cuts - sounds like price fixing to me' date=' I think we should complain!!![/quote'] i redeict this thread will get to 70-odd pages HR, I have no idea what that word was supposed to be
VincentBikes Posted October 7, 2008 Posted October 7, 2008 Bank and insurance companies.....two of the greatest evils of the modern world maybe we should invest in dunlopillow? Don't forget estate agents
Thug Posted October 7, 2008 Posted October 7, 2008 The Aussie central bank reduced their prime rate by 1% today.
Tumbleweed Posted October 7, 2008 Posted October 7, 2008 Synchronised rate cuts - sounds like price fixing to me' date=' I think we should complain!!![/quote'] i redeict this thread will get to 70-odd pages HR, I have no idea what that word was supposed to be have edited: was supposed to be predictsecond big typo of the morning on a financial thread!
fandacious Posted October 7, 2008 Author Posted October 7, 2008 have edited: was supposed to be predictsecond big typo of the morning on a financial thread! at least this one didnt make me hungry
Tumbleweed Posted October 7, 2008 Posted October 7, 2008 The Aussie central bank reduced their prime rate by 1% today. which apparently has buoyed asian markets excluding japan.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now