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BSP: MNI BSP Preview - Oct 2024: 25bp Cut Likely.

BSP
  • September's CPI was the slowest level since May 2020, with all items in the CPI basket were weaker.
  • At the August meeting, the Central Bank' statement noted  'The balance of risks to the inflation outlook continues to lean toward the downside for 2024 and 2025'.
  • The softening in pricing pressures opens the door for a further rate cut this month, following the BSP's cut at its August meeting.

For full Preview:  Click on this Link

 

 

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  • September's CPI was the slowest level since May 2020, with all items in the CPI basket were weaker.
  • At the August meeting, the Central Bank' statement noted  'The balance of risks to the inflation outlook continues to lean toward the downside for 2024 and 2025'.
  • The softening in pricing pressures opens the door for a further rate cut this month, following the BSP's cut at its August meeting.

For full Preview:  Click on this Link