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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.
MNI NBP Preview - May 2021: Policy Rate To Remain Unchanged
Executive summary:
- NBP is expected to remain on hold
- Majority of the board thinks that the recent spike in prices is only going to be temporary
- Uncertainty over the economic activity remains elevated.
- Polish Health Minister recently commented that he sees risk of a 4th Covid wave in late August
- Investors will carefully watch the NBP updated inflation forecasts
- Next CPI inflation prints will be key for policy outlook
Click to view the full preview:
MNI Poland CB Preview July 8.pdf
The National Bank of Poland is expected to keep its reference rate, Lombard rate and deposit rate steady at 0.1%, 0.50% and 0%, respectively, despite rising inflationary pressures to maintain financial conditions as loose as possible to stimulate the economic recovery. Unlike their CEE peers, which have started raise interest rates at their last meeting in June, NBP policymakers prefer to leave interest rates unchanged as the uncertainty over the economic activity remains elevated.
Source: Bloomberg/MNI
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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