Free Trial

ING Says Double-Digit Polish Rate No Longer 'Theoretical Topic'

POLAND
  • ING Bank Slaski mentioned in latest note that double-digit Polish rate is no longer a 'theoretical topic' following the positive surprise in inflation this morning.
  • CPI inflation accelerated to 12.3% YoY in April (vs. 11.4% exp.), up from 11% the previous month.
  • USDPLN has been consolidating lower this morning following the release, currently testing its 4.40 support. Next level to watch on the downside stands at 4.35.

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.