Prepare for early rate cut

The 'cut off' for a potential inter-meeting Monetary Policy Committee rate cut will probably come with Thursday's manufacturing production release, said Atlantic Asset Management on Friday. "If Asia is a benchmark for this specific data point we should remain well-prepared for the risk of at least a 100 basis point rate reduction ahead of the official April 16 announcement," they said. - I-Net Bridge

The 'cut off' for a potential inter-meeting Monetary Policy Committee rate cut will probably come with Thursday's manufacturing production release, said Atlantic Asset Management on Friday. "If Asia is a benchmark for this specific data point we should remain well-prepared for the risk of at least a 100 basis point rate reduction ahead of the official April 16 announcement," they said. - I-Net Bridge

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