MNI BSP Preview - Oct 2024: 25bp Cut Likely.
Oct-15 02:10By: Jamie Grant
Philipines
Executive Summary
- 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.
