Odds of a 50 basis point interest rate cut have just tripled seemingly overnight. Truly insane. - Sky-Tide Marketing

Odds of a 50 basis point interest rate cut have just tripled seemingly overnight. Truly insane.

August 2, 2024

In fact, the base case now shows a 50 basis point rate cut in September, according to Polymarket.

Markets now see at least 100 basis points of rates cuts in 2024.

Buckle up.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.