TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Alior Bank Bring Forward Their NBP Rate-Cut Call

NBP

Alior Bank Chief Economist Agata Filipowicz-Rybicka told PAP newswire that the ongoing disinflation may open up space for the NBP to cut interest rates faster than the market expected, possibly already this September.

  • "Due to faster disinflation, we assume a quicker pace of interest-rate cuts in Poland. We had been forecasting that interest-rate cuts would start only in 1Q2024, now we expect that the first cut may happen in September."
  • "However, we do not expect the pace of monetary easing to be quick - in 2023 we pencil in two 25bp cuts. This is not a radical pace that could significantly alter the inflation path."
  • "The consequence of the fact that rate cuts will happen earlier - i.e. before inflation starts falling firmly towards the target - is that CPI inflation will remain elevated for longer."
  • This comes after some local sell-side desks outlined dovish interpretations of weaker-than-expected GDP data and the confirmation of continued decline in core inflation yesterday.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.