Descontaban prácticamente al 100% una rebaja de tipos.

English translation: They had already almost entirely factored in a rate reduction

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Descontaban prácticamente al 100% una rebaja de tipos.
English translation:They had already almost entirely factored in a rate reduction
Entered by: Lincoln Schick

16:52 Aug 4, 2019
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: Descontaban prácticamente al 100% una rebaja de tipos.
This is the context:

"La rebaja de la Fed solo se explica como una cesión a las intensas presiones que acosan a la institución desde casi todos los flancos. Las toscas acometidas de Trump para que la Fed reduzca el coste del dinero, basadas en la indisimulada paranoia de que la Unión Europea está “manipulando el euro”, son posiciones que acreditan el poco respeto del presidente hacia la independencia de la institución. Tampoco han ayudado las posiciones de los mercados de inversión. DESCONTABAN prácticamente al 100% una rebaja de tipos. Si la Fed hubiera decidido mantenerlos, hubieran caído los precios de los activos financieros y esa caída se hubiera convertido en un descenso de la riqueza financiera y, a la larga, del consumo."

It comes from an article about recent rate cuts. I'm just not sure what is meant by this sentence. I would greatly appreciate help from someone more experienced than me.
Lincoln Schick
United States
Local time: 14:57
They had already almost entirely factored in a rate reduction
Explanation:
It means that the market knew it was coming, so market rates had entirely taken it into account (discounted it or factored it in)

The world waits as Greenspan speaks - The Irish Times
https://www.irishtimes.com/business/the-world-waits-as-green...
Jul 18, 2005 - "The market has discounted the rate cut so much," Mellon Financial Corporation head of foreign exchange research Ian Gunner said. "If there is ...

Rediff On The NeT Business Commentary: R C Murthy on the bank ...
https://www.rediff.com/business/2000/apr/03murthy.htm
Apr 3, 2000 - The bank rate has been lowered by one percentage point to seven per ... system and the money market have already discounted the rate cut.
BANK RATE CUT BY 50 BASIS PTS - Telegraph India
https://www.telegraphindia.com/business/bank-rate-cut-by-50-...
Mar 1, 2001 - The money markets had already factored in the reduction, but there was ... pointed out that the bourses have already discounted the rate cut.

Selected response from:

patinba
Argentina
Local time: 16:57
Grading comment
Thanks!!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5They had already almost entirely factored in a rate reduction
patinba


  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
They had already almost entirely factored in a rate reduction


Explanation:
It means that the market knew it was coming, so market rates had entirely taken it into account (discounted it or factored it in)

The world waits as Greenspan speaks - The Irish Times
https://www.irishtimes.com/business/the-world-waits-as-green...
Jul 18, 2005 - "The market has discounted the rate cut so much," Mellon Financial Corporation head of foreign exchange research Ian Gunner said. "If there is ...

Rediff On The NeT Business Commentary: R C Murthy on the bank ...
https://www.rediff.com/business/2000/apr/03murthy.htm
Apr 3, 2000 - The bank rate has been lowered by one percentage point to seven per ... system and the money market have already discounted the rate cut.
BANK RATE CUT BY 50 BASIS PTS - Telegraph India
https://www.telegraphindia.com/business/bank-rate-cut-by-50-...
Mar 1, 2001 - The money markets had already factored in the reduction, but there was ... pointed out that the bourses have already discounted the rate cut.



patinba
Argentina
Local time: 16:57
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1264
Grading comment
Thanks!!

Peer comments on this answer (and responses from the answerer)
agree  Andy Watkinson: Very nice.
7 hrs
  -> Thank you, sir!

agree  AllegroTrans
15 hrs
  -> Thank you!

agree  James A. Walsh
15 hrs
  -> Thank you!

agree  neilmac
15 hrs
  -> Thank you!

agree  Alicia Orfalian
1 day 8 hrs
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