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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
- Earlier this morning, NBP governor Glapinski mentioned that more PLN depreciation is inconsistent with fundamentals.
- We have seen lately that CEE currencies have been experiencing strong selling pressures amid rising political and economic uncertainty.
- PLN has been one of the weakest performing currencies among the EM world this month, down 4.3% against the USD.
- Odds for a December hike are high; the magnitude of the move will depend on incoming data (mostly November CPI inflation coming out on Nov 30).
- At 12.30pm (London time), Polish central bank Governor Adam Glapinski and Finance Minister Tadeusz Koscinski due to discuss rising prices at Public Finances Committee of the lower chamber of parliament (BBG).
- Polish Senator Kleina said in an interview that the Senate will have the list of MPC candidates by December 23.
Source: Bloomberg/MNI
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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