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MNI BSP Preview - February 2025: BSP to Cut, Bias to Neutral.

The window is open to cut as unemployment moderates.
  • January's decline in CPI (month-on-month) supportive of a cut in the base rate.
  • Central Bank has done a good job in stabilising the currency.
  • Unemployment declining for December provides opportunity to cut to offset weaker exports and moderately softer GDP.
  • We expect however the BSP to move to a more neutral bias going forward. 

CB Preview - BSP February 2025.pdf

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  • January's decline in CPI (month-on-month) supportive of a cut in the base rate.
  • Central Bank has done a good job in stabilising the currency.
  • Unemployment declining for December provides opportunity to cut to offset weaker exports and moderately softer GDP.
  • We expect however the BSP to move to a more neutral bias going forward. 

CB Preview - BSP February 2025.pdf