Wednesday, January 18, 2012

World Bank's interest rate signal

I know it's just another forecast and economic forecasts invariably are wrong. But the World's Banks warning today of a world in danger of another recession is sure to be factored in by the Australian Reserve Bank board when it meets on the first Tuesday of next month. Like most of the other evidence the World bank is pointing towards countries needing to stimulate activity rather than curb it. Hence my modest little punt on an interest rate decline of 0.15 percentage points.
Details of all current wagers are here.

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