Free Trial

MNI BSP Preview - August 2024: A Close Call, But Mixed Data Points To No Change

BSP
  • On balance, the economic data presents a mixed picture for the economy and as such many economists are calling for the BSP to cut rates at tomorrow’s decision. This is a line call at best and a difficult one for the BSP ahead of the Federal Reserve’s decision on interest rates next month and the recent period of extreme market volatility.
  • Historically, Central Bank’s in Asia have tended to remain on hold ahead of the FED and for that reason, we remain surprised by survey’s suggesting a cut tomorrow, but acknowledge it is a close call.
  • Click to view the full preview here:

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.