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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 raised its policy rate by 50bps to 2.75% (as expected)
- With political risk premium being trimmed, a strengthening currency reduces the pressure on NBP policymakers to surprise the market with more aggressive hikes
- NBP reiterated in its statement that the scope of the tightening cycle will depend on data
Link to full review:
MNI Poland CB Review Feb 8.pdf
The NBP raised its policy rate by 50bps to 2.75% (as expected) at yesterday's meeting to continue its fight against inflation, which again surprised positively in December. The policy rate now stands at its highest level since June 2013 following the hike (left chart). Glapinski will hold press conference later today (February 9) at 1400GMT.
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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