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Policy
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Global Macro
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About Us
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessING on Inflation and NBP Challenges
- Although National Bank of Poland President Adam Glapiński sees inflation peaking in the third quarter of 2022 and has declared that the end of the hike cycle is near, in ING view the macroeconomic situation (rising inflation) and the market developments (weakening Polish zloty) will force the central bank to change its stance.
- ING assumes that the anti-inflation shield will be extended until at least the autumn of next year.
- This means continuing high inflation in 2024 (low reference base). As a result, the inflation outlook will likely not allow for interest rate cuts next year.
- ING thinks that the peak of inflation is most likely still ahead of us. In addition, it is likely that to see renewed pressure in energy prices (coal, LPG, electricity) and the beginning of 2023 will be marked by high increases in regulated prices (electricity, natural gas).
To read the full story
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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.