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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:
- The NBP is likely to maintain the pace of tightening cycle and hike by at least 40bps
- Inflation surprise positively again in October, and could reach 8% by year-end
- Consensus is currently pricing in a 25bps hike, which could disappoint the market and therefore lead to further PLN depreciation
Find link to full preview:
MNI Poland CB Preview Nov 3.pdf
The National Bank of Poland is likely to keep the pace of its tightening cycle and hike the policy rate by at least 40bps on November 3rd to curb the inflationary pressures. Even tough Governor Glapinksi refused to comment if the surprising hike last month was the start of a tightening cycle, policymakers may receive external pressure if they decide not to act as inflation surprised positively again in October.
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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