- A 25 bps rate cut in December is not ruled out
- But it is not fully decided just yet
I reckon it is pretty much a given unless there are upside surprises to both economic and inflation data in the weeks ahead. Otherwise, one or the other should likely validate another rate cut. But significant downside surprises to either or both could even accelerate the notion of a 50 bps move. So, that's the predicament right now.
