Halister News

(Bloomberg) -- Output forecast to decline for ninth consecutive month, which may encourage central bank to lower interest rates at March meeting, Bloomberg strategist David Finnerty writes.

• Jan. IP seen at -6.05% y/y compared with -6.17% in Dec. according to median est. in Bloomberg survey; data due at 4:00pm local time tomorrow
• Central bank cut benchmark interest rate by 12.5 bps to 1.625% at last meeting in Dec.; since then, GDP negative y/y in 4Q for the second consecutive quarter, export orders continue to fall and inflation remains under 1%, increasing prospects CBC will cut rates to stimulate growth
• NOTE: David Finnerty is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.