- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessFlash GDP Data Miss Expectations, ECJ To Rule On Polish FX Loans This Week
EUR/PLN pulled back from the session/four-month high of PLN4.7987 ahead of the release of below-forecast flash GDP readings for Q4. The rate last deals +20 pips at PLN4.7884, with bulls looking for gains towards the 76.4% retracement of the Sep 30 - Dec 26 sell-off at PLN4.8340. Conversely, bears look for a dip towards Feb 2 low of PLN4.6787.
- Poland's economy grew 2.0% Y/Y in the final three months of last year versus 2.2% expected, according to preliminary data. At the same time, the seasonally adjusted quarterly contraction of 2.4% Q/Q was deeper than forecast (-0.5%). Final data, including the breakdown into components, will be published on February 28.
- Adding pressure to the local assets might be the imminent verdict from the European Court of Justice, which is considering a $22bn case brought by Polish borrowers against banks offering CHF mortgage contracts. The ECJ is expected to issue its ruling this Thursday.
- Furthermore, the fate of key judiciary reforms needed to unlock EU recovery funds remains uncertain after President Andrzej Duda sent the bill for review to the Constitutional Court.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.