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MNI CNB Preview - Nov 2024: 25bp Cut Is Base-Case Scenario

The CNB is expected to lower the repo rate by another 25bp, extending the "fine-tuning" phase of the cycle.

Executive Summary:

  • The CNB is expected to continue cautious monetary easing.
  • There has been some dissonance in comms re: optimal easing trajectory.
  • The new macro forecast may shed light on the rate outlook.

Full preview including summary of sell-side views here:

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Executive Summary:

  • The CNB is expected to continue cautious monetary easing.
  • There has been some dissonance in comms re: optimal easing trajectory.
  • The new macro forecast may shed light on the rate outlook.

Full preview including summary of sell-side views here:

Keep reading...Show less