FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Fading Growth Expectations Increase Uncertainty Over Policy Outlook

POLAND
  • The NBP decided to follow consensus and hike the policy rate by 50bps to 1.75% even though inflation continued to surprise positively in November.
  • The worsening outlook due to the rising Covid uncertainty resulted in a ‘less aggressive hike’ in today’s meeting, which has been weighing on the PLN.
  • Policymakers are now split between elevated inflationary pressures and a worsening economic outlook.
  • As the uncertainty over the policy outlook keeps rising, selling pressure on PLN could remain elevated in the near term, which will support inflation expectations.
  • EURPLN has been trending higher following the decision, breaking above the 4.60 level and currently trading at the high of its 3-day range. Next support to watch on the topside stands at 4.6230.
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.