Discover and read the best of Twitter Threads about #mpc

Most recents (20)

One 'hawk' does not initiate normalisation. The markets were keenly awaiting the #MPC #minutes. And one can comfortably say that the details of what was discussed was hardly as hawkish as the markets had assumed soon after the policy. Prof.Jayanth Varma was the single...(1/12)
...dissenter in the August monetary policy. He voted against the status-quo accommodative policy on the following key counts. Firstly, he believed that the reverse repo rate must not remain at current levels (3.35%) and that a phased normalisation was warranted. He...(2/12)
...remained concerned of the #RBI continuing its accommodative policy given his expectation that COVID-19 would last for another 3-5 years. He sees inflationary pressures turning persistent and also views the adverse effects of the pandemic to only be limited to select...(3/12)
Read 12 tweets
#OperationTrojanShield

Wow! Big news!!

With this operation, #Encrochat #Sky #MPC & other encrypted networks being infiltrated, does this mean the end of #Drugs #Corruption #OrganisedCrime ?🤔

Hmmm!

It's a brilliant operation BUT may have unintended consequences

A #Thread
I got sucked into doing some amateur study of the economy of drug trafficking because of brilliant TV shows.

When you study the numbers, understand the geo-politics, social, criminal & financial elements behind the global industry... you realise just how powerful it really is!🎬
If you trace the industry from;
- Areas of production
- Transit routes
- End Markets

Then look at the money flows;
-Peso exchange
-Hawala networks
-Offshore
-Trade based money laundering
etc

Then the operational groups🧐

It's mind blowing in scale & influence @InSightCrime 🤯
Read 25 tweets
#Emefiele says 1tn Naira made available to manufacturing and agric sectors - 856bn has been disbursed to 77 companies; 36 Agro-based, 30 in services and 11 in mining tailored towards employment generating and output stimulating sectors of the economy at 5% interest rate. #CBNMPC
#MPC pushes for additional 100bn Naira for Targeted Credit Facility to stimulate growth.
Read 7 tweets
#RBI releases the minutes of the last Monetary Policy Committee (MPC) meeting.

Follow this thread for more. #MPC
*thread* ImageImageImageImage
MPC Minutes | #RBI Governor Shaktikanta Das says rapidly rising cases of #COVID19 single biggest challenge to ongoing economic recovery.

Learnings of last one year should help us in managing the crisis as it unfolds.

*Follow this thread for more. ImageImageImage
MPC Minutes | #RBI Governor Shaktikanta Das: Improving global outlook would support India's exports and investment demand.

#MPC Image
Read 4 tweets
.@RBI releases minutes of MPC's February 3-5 meeting Image
.@RBI #MPC Minutes | RBI Governor @DasShaktikanta says growth momentum needs to strengthen further Image
.@RBI #MPC Minutes | Michael Patra, MPC Member: Relentless hardening of crude oil prices is worrisome Image
Read 10 tweets
#BREAKING | #MPC (Monetary Policy Committee) voted unanimously to leave policy repo rates unchanged at 4%. #RBI maintains accommodative stance, reverse repo rate unchanged at 3.35%: @DasShaktikanta
#RBIPolicy LIVE Updates: bit.ly/3ayrDKQ
@DasShaktikanta #MSF (Marginal Standing Facility) rate remains unchanged at 4.25%: #RBI Governor @DasShaktikanta
#RBIPolicy LIVE Updates: bit.ly/3ayrDKQ
@DasShaktikanta #MPC decided to continue with an accommodative stance of monetary policy as long as necessary, at least through the current FY and into next year to revive growth on a durable basis and mitigate impact of COVID-19: @DasShaktikanta
#RBIPolicy LIVE Updates: bit.ly/3ayrDKQ
Read 10 tweets
1/ Solving the root cause of #GoldenSAML attacks, recently used in #Sunburst attacks.
Don't of scale security "UP", burying #SAML's private key deeper in HSM,
scale it "OUT": distribute it w/ modern crypto (#TSS #MPC)+ service architecture, as we do for #cryptocurrency @ZenGo
2/ Advanced attackers (#APT) steal long term secrets ("the stamp") that allow them to issue access tokens and thus access all services in victims' environment, bypassing all security, including multi-factor auth (#MFA,#2FA)
3/ @CISAgov recommends protecting such secrets with hardware (HSM), but this solution is not always feasible, does not scale well and is susceptible to vulnerabilities especially when facing #APT attackers (hence: "aggressively updated")
media.defense.gov/2020/Dec/17/20…
Read 8 tweets
This month I'm going to be #buildinginpublic with @pabloheredia24 & @nocode_buildr for @makerpad's #mpc-t30 challenge.

Our idea is Pheedback.co

Get actionable, unbiased feedback from other makers in <15 minutes

Thread on how we got the landing page up in <30 min 👇
1/ Why Pheedback.co?

As makers, we sometimes hit roadblocks in projects that we might not know how to solve alone

Pheedback helps makers to get actionable, unbiased feedback from other makers in <15 minutes

(in exchange, you give them feedback too!)
2/ Copywriting

We borrowed something from @dannypostmaa's Headlime.io

"Tired of {Problem}? Get started with {Solution} Today!"

Tired of running into a wall with your projects? Get actionable, unbiased feedback in just 15 minutes from other driven makers.
Read 12 tweets
1/n Short summary for the English world:
@BoschGlobal Research runs a project "Economy of Things" focusing on digital (decentralized) #marketplaces based on their experiences in
1⃣#DLT
2⃣#MPC multi-party computing
3⃣decentralized identity management (#SSI)
4⃣digital marketplaces
2/n The principles for #platform's they have researched are very well suited for #GaiaX. That's the reason why they have been engaged in and support it heavily.
Their vision of a fair and neutral digital marketplace is based on criteria such as
- openness
- neutrality
- transparency
- souvereignty
- integrity
- coopetion
(which fully coincide with #GaiaX's vision of their #European #dataspace & #servicespace.
Read 7 tweets
#RBIPolicy at 12pm today,is likely to keep status quo on #REPO rate, which was last lowered by 40bps in May 2020,to 4%

In 2020,REPO cut by a total of 115bps

In 2019 REPO cut by 135bps

What may weigh on #MPC's mind is #Inflation,which was 6.09% in June 2020 Vs 5.84%,in March'20
Some like #ICRA predicting 25bps REPO cut,saying #RBI may want to be ahead of the curve,despite build up of inflationary pressures

Well,10 Yr #BondYield was 5.83% y'day

Today 10 Yr@5.84%--Bond markets are clearly not expecting rate cut

#REPO at 4%,is already lowest in 20yrs
As expected, #RBIPolicy leaves #REPO& Reverse REPO unchanged

Right thing to do,as further reduction in rates at this stage, would have distorted #YieldCurve

Already,3 month #MCLR of #SBI is 6.65%& 1 yr at 7%

#MonetaryTransmission is happening,so more cuts not needed currently
Read 5 tweets
Thread:
#CBN #MPC retains CRR at 27.50 per cent
#CBN #MPC retains liquidity ratio at 30 per cent
#CBN #MPC retains Asymmetric Window at +200 and -500 basis points around the MPR
Read 9 tweets
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 tweets
Some personal good news in hard times: Joined with wonderful coauthors @Chris_ptz @pvillenueve we just published our paper „The macroeconomic effects of social security contributions and benefits” in the Journal of Monetary Economics doi.org/10.1016/j.jmon… #econtwitter Thread: Image
The gist of the paper is to estimate #macroeconomic #multiplier effects of spending on #socialsecurity vs. cutting contributions. The literature shows it is hard to estimate such effects, because spending and revenues are highly endogenous to the business cycle./2
We did a lot of nitpicking work conducting a time series of timing+size+circumstances of major legislations of social security in GER 1970q1-2018q4 (inspired by seminal work of Cristina+David Romer 2010 AER). This shall identify exogenous changes for causal analysis./3
Read 21 tweets
#Coronathon #TECH #ProjectHighlights Thread 1/3

1. #Safeslot to find your nearest #retailstore & manage #essentials buying abiding the #socialdistancing policy in these trying times!
2. #Hospital Bed tracker enabling access to realtime status of nearest hospital availability
Thread 2/3
3. #PanMan to empower #HospitalLeads have clear visibility on COVID19 patients & suspects and accordingly plan the resources
4. #Covid-19 PPE Tracker to provide hospitals with a common platform showcasing #supplydemand info of personal protective equipment
If you or #community #network can support these #projects please get in touch with us!

#hackathon for a change - #coronathon2020

Keep following this thread for other project details!
Read 13 tweets
a classic case of sell on news - today
buy on rumor - from last 2 days
#nifty #banknifty #RBI #MPC
did technical gave a selloff sign today?
ans - yes
plotted by @Tushargoswami_ Image
Read 4 tweets
Let us briefly #Reflect on the #SARB's first #MPC #Meeting of 2020 and their #MonetaryPolicy decision to cut rates by 25bps from 6.5% to 6.25%...
Everyone with some interest in such matters is without a doubt already aware that the #SouthAfricanReserveBank's #MonetaryPolicyCommittee cut its key #PolicyRate, the #Repo by 25 basis points from 6.5% to 6.25%. The move can perhaps best be summarised by the following statement:
It is clear from the statement above that the SARB moved on the back of a growth story. They would want to see the level of #inflation creep closer to 4.5% but they didnt tighten to achieve this end. Rather, they provided more accommodation for growth & inflation might pick up...
Read 11 tweets
Let us talk about the #SouthAfricanReserveBank & what we can expect from their #MonetaryPolicy in 2020...
The #SouthAfricanReserveBank #SARB #MonetaryPolicyCommittee #MPC will conclude its first meeting of 2020 tomorrow 16th January 2020...The #KeyPolicyRate, the #RepoRate is currently 6.5% and #Inflation (#CPI inflation) is within the Bank's 3%-6% target range, at 3.6%...
The #SARB #MPC will consider #domestic #regional & #global #economic / #macroeconomic developments in deciding on its policy stance. The SARB is an inflation targeting #CentralBank whose mandate is to ensure #Price & #Financial #Stability necessary to support economic #Growth...
Read 6 tweets
Tonight we have a special installment of #MitoMonday as @ClaireBensard hosts a #Tweetorial on her recent paper in @CellMetabolism #LateNightWithTheRutterLab
Can a specific metabolic program provoke a cell to become a cancer cell? Focusing mainly on glucose, with some thoughts on fatty acids, and glutamine, we tested the uncoupling of glycolysis and glucose oxidation to induce the transformation from stem cell to cancer cell. 2/
Long ago, Otto Warburg observed that cancer cells perform aerobic glycolysis, but we didn’t know how a cell could control flux from cytosolic glycolysis to mitochondrial glucose oxidation until the transporter was identified…bit.ly/2RDELqe #MPC 3/
Read 23 tweets
India MPC - Initial thoughts
1. No cut was a surprise. I had gone in with 35!
2. Looks like the RBI listened to the market which has been saying that further cuts will not help revive growth.
3. Clearly RBI is satisfied with transmission - 137 in call money and 218 in CPs! /1
India MPC - Initial thoughts
Contd.

4. Inflation per RBI seems a much greater risk than the market sees it. H2 revision from 3.5-3.7 to 4.7-5.1 is massive!
5. Growth revised down from 6.1 to 5 but there is belief that whatever the govt is doing to revive growth is /will work /2
India MPC - Initial thoughts
contd

Bonds have expectedly sold off more than 10 bps. Expect 10 yr to settle around 6.50%. Rupee seems unchanged at 71.57 and Nifty is holding above 12k.
/3
Read 4 tweets
HSBC 1/3: #CentralBanks: The Bank of England’s Monetary Policy Committee (#MPC) voted unanimously to keep its benchmark rate at 0.75% in September, as widely expected. It also voted to keep its asset purchase target at GBP 435bn.
HSBC 2/3: The MPC cited global weakness and the US-China trade war as weighing on the economy through weak exports, and that Brexit had weighed on business confidence and investment. Furthermore, the committee cut its growth forecast for Q3 to 0.2% from 0.3% as it signalled that
HSBC 3/3: policy rates could be cut if the UK’s departure from the EU continues to be delayed. The statement reiterated the line that rates could go in “either direction” under a no-deal break from the EU.
Read 3 tweets

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