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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Policy rates cut 50bp to 7% repo and 9% reverse repo

Policy rates cut 50bp to 7% repo and 9% reverse repo

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balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Yes I was expecting, around 0.25 too, This is bigger than expected by us.

Hmm, better to temporary remove some of my sell orders.

After the last CB rate cut banks/fin slowly reduced rates upto2-3%.

With a 0.5 CB cut now another 2% drop ( gradual not straightaway ) can happen . Bank needs to compete with lending rate too ;-) . So lending no money.


@Rapaport wrote:Pretty big cut.

I was expecting 0.25% in 2 stages this year!
Obviously the news had leaked and hence market started rising few weeks ahead!

Lets see the outcome now.
Banks have to loosen their zips and reduce rates now!

Cheers!

I am revising my sell orders, I think everyone must be doing it. Very Happy

assasin


Equity Analytic
Equity Analytic
Happy to say I'm a big bull. alien alien alien alien alien alien alien

salt


Vice President - Equity Analytics
Vice President - Equity Analytics
wonderful! cheers!

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Great News !!! lets all have a good times.

Bond


Manager - Equity Analytics
Manager - Equity Analytics
Gotta feel for the finance companies that have deposit rates cap based on these interest rates. They are gonna struggle offering 11% odd for 1 yr.

The banks will suck up all the deposits from these finance companies


K.Haputantri

K.Haputantri
Co-Admin
@hariesha wrote:Cheers! CSE will have a good run this year wiping out all losses and extending to new highs.

The bull run started from 4900 level will continue at least for another year. Good for all of us.

Agree but I must also add that the current SEC boss can't get the praise for the current run because its the work of the CB & the Finance Ministry. Similarly, former SEC bosses can't be blamed for bear run those days for the same reason because the policy rates werer kept very low during that period. Unfortunately, they were chased away by manipulators for doing their legitimate work - tightning the regulatory measures.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Accordingly, the Monetary Board decided at its meeting held on 9th May 2013 to
reduce the Repurchase rate and the Reverse Repurchase rate of the Central Bank by
50 basis points, respectively, thereby placing the Repurchase Rate at 7.00 per cent and
the Reverse Repurchase Rate at 9.00 per cent. In addition, the reserve maintenance
period of commercial banks will also be increased to two weeks from one week with
effect from 1st June 2013 in order to offer greater flexibility to commercial banks in
managing their liquidity, while maintaining the Statutory Reserve Ratio at the current
level of 8 per cent.
certainly, this is more than expected! i ma delighted!

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
welcome the decision.. this is good for growth.

Lets join the party Very Happy

NB: Hope treasury may not cut the vehicle import tax Very Happy

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Its too early to cut vehicle tax.

Govt will not want to repeat mistakes again.

Also roads are too congested and govt on a mission to cut imports from India
(Bajaj and Maruti)

Cheers!

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CB is always under pressure from IMF & global lenders on policy decisions taken. What will be the reaction from such parties in lowering the interest rate with decreasing inflation.?

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
At the moment Market didnt react as we expected...

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks Visa

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
We should get resistance at this level. then market can be strong (RSI). with good financial quarter reports market will move further. in the same time FD investors will come back to market.
then we can have party.

Bond


Manager - Equity Analytics
Manager - Equity Analytics
Yeah it seems nobody wants to see the impact on finance firms. A liquidity shock will kill any stock.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

You sure this will happen. Any good finance company will have risk management. Maybe short term shock but long term more profitability.

This has happend before. In 2008 rates were high as 25%, Then it dropped to nearly 10-11%. Good ones not only survived they performed even better.



@Bond wrote:Yeah it seems nobody wants to see the impact on finance firms. A liquidity shock will kill any stock.

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Bond wrote:Yeah it seems nobody wants to see the impact on finance firms. A liquidity shock will kill any stock.

That is why, I am away from many small scale finance companies.

Patchchasira


Equity Analytic
Equity Analytic
Well some said the market might react positively to a rate cut this did not happen. So what is the next mirage that we have to wait for?

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Patchchasira wrote:Well some said the market might react positively to a rate cut this did not happen. So what is the next mirage that we have to wait for?

R u sure it didn't happen? I thought last few weeks uptrend was due to the expectation of policy rate cut which could have reached HNWI bit earlier. What ever the available money was pumped now new money should need to come inside from FD and gold. Mkt will react in healthy manner sooner..

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Well there will be a reverse every now and then and it is impending. Probably Monday or Tuesday will be a much needed pull back

Cheers!

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@slstock wrote:
You sure this will happen. Any good finance company will have risk management. Maybe short term shock but long term more profitability.

This has happend before. In 2008 rates were high as 25%, Then it dropped to nearly 10-11%. Good ones not only survived they performed even better.



@Bond wrote:Yeah it seems nobody wants to see the impact on finance firms. A liquidity shock will kill any stock.

I'm pretty sure this will happen or is already happening. The previous drop you are referring to was ok since the interest rates were not capped.

The ARs will tell you the time deposit structure.

udeni

udeni
Manager - Equity Analytics
Manager - Equity Analytics
@stockback wrote:We should get resistance at this level. then market can be strong (RSI). with good financial quarter reports market will move further. in the same time FD investors will come back to market.
then we can have party.

stockback, a prudent investor will spread the risks in various financial instruments so that she/he will have a diversified investment portfolio such as investments in stock excahange, FDs in government institutions and private financial institutions, bond market, debentures, property, gold etc. Therefore I don't think all the FD investors will rush back to the stock market withdrawing all their FDs. High risk takers will most probably embrace the stock market again.

stockmania

stockmania
Manager - Equity Analytics
Manager - Equity Analytics
Will I be able to get a personal loan at 12% interest rate ? Basketball

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

if not for the rate cut, today would have been a 100 points red day..

kukumarx


Manager - Equity Analytics
Manager - Equity Analytics
@stockmania wrote:Will I be able to get a personal loan at 12% interest rate ? Basketball

Commercial Bank gave me 12% for a one year FD today. They will be charging more for loans.

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Rapaport wrote:Its too early to cut vehicle tax.

Govt will not want to repeat mistakes again.

Also roads are too congested and govt on a mission to cut imports from India
(Bajaj and Maruti)

Cheers!

I too hope Gov may not do the same mistake. but I rather doubt they will opt for reduction of Indian vehicles


India-Sri Lankan bilateral trade has potential to more than double to $ 10 billion by 2016 if tariff and non tariff barriers are removed, said Sri Lankan High Commissioner to India Prasad Kariyawasam said at a PHD Chamber function in New Delhi

http://www.dailymirror.lk/news/29158-need-to-remove-bilateral-trade-barriers-sl-tells-india.html

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