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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.
POLAND
- Poland CPI final print coming out tomorrow. Prelim data showed that inflation rose to 3.2% in March, up from 2.4% in February.
- Core CPI to follow on April 16, expected to surge to 3.9% in March (diverging from the upper end of the tolerance band at 3.5%).
- Governor Glapinski recently mentioned that the rise in inflation will only be 'temporary' and the inflationary pressures should ease in the second half of 2021.
- Based on the March projections, NBP policymakers forecast CPI inflation to average 3.1% in 2021, 2.8% in 2022 and 3.2% in 2023.
- Sell-side projections are lower and expect CPI inflation to average 2.9% in 2021, 2.8 % in 2022 and 2.5% in 2023 (see chart below).
- The 10Y yield has been consolidating lower this week, gradually approaching its 50D SMA support at 1.46%; a break below that level would open the door for a move down to 1.40%. on the topside, 1.60% remains the key resistance to watch.
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.
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