VCSC Daily - Lower policy rates fail to hold markets up
  • 2012-05-28T00:00:00
  • Market Commentary
Market tumbles despite lower interest rates – The SBV made an after-trading hour announcement last Friday to again lower deposit cap and policy rates by 1% effective today. Investors appeared positive on the news in early trading but were unable keep the market in the green after a volatile session. Investors have been quite cautious in recent weeks despite lower deposit rates which have made savings relatively less attractive than equities.