MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI: FRANCE JUL CONSUMER SENTIMENT 91

MNI: SWEDEN JUN UNEMPLOYMENT 9.4%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Has Inflation Reached Its Peak?

POLAND
  • Yesterday, economic data showed that Preliminary May CPI rose to 4.8% (as expected), up from 4.3% the previous month and confirming that the inflationary pressures continue to increase.
  • Hence, participants have been speculating that the NBP will have to make an early move, which has been one of the major factors behind PLN strength in the past two months.
  • In an TV interview yesterday, NBP policymaker Lukasz Hardt mentioned that he expects Polish inflation to remain elevated in 2022 and does not see inflation falling below the 3.5% NBP upper tolerance band this year. As a result, he thinks that the MPC should consider a 15bps hike in June to curb the inflationary pressures.
  • On the other hand, government spokesperson Piotr Muller told on public radio earlier this morning that CPI inflation may be elevated for a few months, but remains under control; he added that low borrowing costs are also seen as beneficial during periods of crisis.
  • There are no important economic data coming out today.
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.