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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...
Given that #SouthAfrica's #Inflation is within the #SARB's target range (below the mid point), what can we expect the Bank's #MPC to do tomorrow? Will they cut the #reporate or will they leave it as is? To answer this, we will have to appreciate the inflation outlook (inter alia)
Not only will it be important to appreciate the #SARB's #Inflation outlook, it will also be crucial to underscore their #Growth outlook as well as where the #Real Key #InterestRate (the #RepoRate) is, with respect to its neutral...
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#SouthAfricanReserveBank #MonetaryPolicy #SARB #MonetaryPolicyCommittee #MPC #KeyPolicyRate #RepoRate #Inflation #CPI #domestic #regional #global #economic #macroeconomic #CentralBank #Price #Financial #Stability #Growth #SouthAfrica #Real #InterestRate

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moeti damane
@iamSANhedrin
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: Image
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...
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moeti damane
@iamSANhedrin
My current #Working #Research #Topic: "A Review of the #CommonMonetaryArea of #SouthernAfrica: Are Client Countries Better-off De-Linking from the #Anchor #Economy?". I'm using #OptimumCurrencyArea #OCA #Theory to analyse the #CMA arrangement. Draft will be ready January end..!
The #CommonMonetaryArea of #SouthernAfrica or #CMA could seem to some (mostly the technically inclined) to be a no-brainer & a clear natural #OptimumCurrencyArea given the historical links between the #anchor #SouthAfrica & the #clients (#Lesotho #Eswatini & #Namibia)...
Be that as it may, 2020 marks 46 years since the #RandMonetaryArea - #RMA agreement and 34 years since the RMA was revised to establish the #CommonMonetaryArea - #CMA between #SouthAfrica, #Lesotho, Swaziland (now, #Eswatini) and #Namibia...
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moeti damane
@iamSANhedrin
Lets talk #New #Tools for #MonetaryPolicy...
The #Global #Financial #Crisis of 2007/08 taught the policy making world that something special beyond #Conventional #MonetaryPolicy was necessary to lift economies out of the economic malaise...tinkering with the key rates was not enough anymore...
To this end, #centralbanks in the developed world (The US, UK, Japan, The EuroArea) adopted what they termed #UnconventionalMonetaryPolicy #UMP which is characterised by #ForwardGuidance #NegativeInterestRatePolicy & #QuantitativeEasing...but, have they helped?
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Rep. Jim McGovern
@RepMcGovern
First stop on Farm Tour Day 2: Phoenix Fruit Farm & Country Store in Belchertown. They do pick-your-own, market through a farm stand on Route 181 and sell to local grocery stores.
Owner Elly Vaughan is committed to using the most eco-friendly practices and bringing the principles of responsible land stewardship & environmental awareness to orcharding.

This is exactly why buying & eating local is good for our environment!
We are so lucky to live in one of the most beautiful places in America. At Phoenix Fruit Farm we have an amazing view of the Quabbin Reservoir, Belchertown Center, and the Pioneer Valley beyond.
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Christian Oliveira
@christian_wilde
Until now, the only SEO space where AMP was kind of "mandatory" was on news: if you want to appear on the "Top stories" box, you kind of need to have your articles to use AMP. You can appear there withouth AMP, but you don't get the same visual benefits #AMP #SEO .
Now Google is bringing "Stories" (like Instagram Stories, Snapchat Stories, etc.) to search results. They just announced it at #ampconf (see ) #AMP #SEO
This means that for certain kind of queries (by now: travel, and later also gaming, movies, tv and fashion) the first result will get another "special box" called "Visual Stories" where you can only appear using not only AMP, but AMP stories #AMP #SEO
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Eugene
@e_earns
Going to read “The Right Side of History”. This will be some mixture of enlightening, been there done that, and hate-read dunkathon. Let’s see.

No idea what Shapiro’s background is outside trolling libs, but I maybe he’s sort of Straussian? The ‘Jerusalem plus Athens’ thing.
So the thesis is ‘things have never been better, but we’re fucking it up now.’ Pinker + angst.
‘We’ in the book is Americans, natch.
Read 249 tweets
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molly 🐶
@socialistdogmom
first public comment here at the cville school board meeting asks the board to ban confederate symbols in schools. they are implicit threats of violence. “these symbols send one message to black and brown people: you are not welcome here.”
he asks the city school board to “take a leadership role” on the issue — subtly hinting at the failure of albemarle county schools to take this step.
the second public commenter is a high school student speaking in behalf of the black student union. they support the dress code change to ban confederate symbols. “as a student at charlottesville high school, i really don’t want to see these symbols in my school.”
Read 32 tweets
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Ra_Bies
@Ra_Bies
First time they saw each other at the metro platform, waiting for the train. He worked in a press & she, a salesgirl in a jewelry showroom. It was 9 am in the morning & as usual the rush hour. As the train doors opened, crowd gushed toward the train
Unlike other days when she carried a handbag, she had with her a packed painting for the showroom she worked with. Walking fast towards the train, her left foot got twisted & she fell. He was standing next to her. Before she could get up & gather her things, train had left
To her amusement, the boy whom she was while waiting was still there helping her. She smiled & thanked him. That evening coming back from his factory, he bought a branded perfume for the first time in his life
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