Friday, May 14, 2010

OPR @ 2.50%

Looks like the majority opinion got it right, and I was wrong – the Monetary Policy Committee raised the OPR 25bp to 2.50%, citing a stronger than expected recovery” in the global economy and the economic recovery is firmly established” in the domestic economy.

Note the difference in emphasis – I’ll talk about these differences in the following post on the GDP numbers that were released at the same time and why it has coloured my view on the direction BNM should have taken.

Click here for the full press release.

1 comment:

  1. Fixed Income player should noe dis fundamental on the track that BNM were looked for..looked what happened to mgs yesterday b4 da annoucement...up for a while n then cut to normal..pretty gud for someone who realized what's really going on b4 prices goes back to normal-ryo