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NBH Rate Decision Coming Up (1300BST/1400CET)

  • The NBH are almost certain to deliver another 100bp effective rate cut, in-line with previously offered guidance that the rate will be converged to the 13% base rate by the end of September.
  • The NBH may use this juncture to provide updated forward guidance, however, a number of global risk-off concerns could prompt the NBH to act with a greater degree of caution instead.
  • The base rate decision will come immediately at 1300BST and is expected unchanged at 13%. The decision on the effective rate is usually revealed in the policy statement which is released 1 hour later.
  • The central bank will hold a news conference from 1400BST/1500CET.

See our full preview of the deicision, with sell-side analysts views, here:

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