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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.
Executive Summary:
- The NBP surprised the market at its meeting yesterday and hiked its policy rate by 100bps to 4.5% (vs. 4% analysts’ expectations) to continue its ‘fight’ against inflation, which continued to surprise ‘positively’ in February.
- Even though the hawkish hike generated a ST rally on PLN in the beginning, global risk off environment has left CEE currencies vulnerable this week.
- Glapinski will hold press conference today (April 7) at 3pm CET.
Link to full review:
MNI Poland CB Review April 6.pdf
The NBP surprised the market at its meeting yesterday and hiked its policy rate by 100bps to 4.5% (vs. 4% analysts’ expectations) to continue its ‘fight’ against inflation, which continued to surprise ‘positively’ in February. The policy rate is now standing at its highest level since November 2012 following the hike (left chart). Glapinski will hold press conference today (April 7) at 3pm CET.
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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