Pantheon Macroeconomics

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24th May 2023 15:42Emerging Asia, Daily Monitor

  • The SBV cut the refinancing rate by a further 50bp, to 5.00%; October’s 100bp hike is fully reversed.
  • The rush to act before the Q2 GDP report suggests that the May data will offer no hope for a bounce.
  • We expect one more 50bp cut before the end of the year, given the severity of the slump in M2 growth.

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Keywords for: 25 May 2023 Emerging Asia Monitor

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