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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 National Bank of Poland is expected to keep its policy rate on hold at 0.1%
- NBP Governor confirmed this week that hiking too soon is 'risky' given the elevated uncertainty
- However, traders have been speculating that the NBP will start its gradual tightening cycle in November
- FRA market pricing in a 25bps hike at the November meeting
Link to full preview here:
MNI Poland CB Preview Sep 8.pdf
The National Bank of Poland is expected to keep its policy rate on hold at 0.1% despite the positive surprise in inflation in August. Unlike their CEE peers, which have entered into a tightening cycle to curb the inflationary pressures, the majority of the NBP board aim to keep financial conditions as loose as possible as the uncertainty over the economic recovery 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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