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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 again and decided to increase its benchmark rate by 75bps to 1.25% (vs. 25bps consensus).
- Governor Glapinski mentioned during the press conference that a rate hike next month was more likely than not.
- Yesterday's meeting showed that NBP doves are 'less powerful' than what market expected.
Link to full review:
MNI Poland CB Review Nov 3.pdf
The NBP surprised the market again and decided to increase its benchmark rate by 75bps to 1.25% (vs. 25bps consensus) at yesterday's meeting as inflationary pressures continue to remain elevated in Poland. The policy rate is now standing slightly below its pre-Covid level (1.50%) following the hike (left chart).
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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