© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: NORGES HIKES POLICY RATE 25 BPS TO 4.25%

RIKSBANK PUBLISHED RATE PATH SEES PEAK AT 4.1%

RIKSBANK SAYS POLICY RATE COULD BE RAISED FURTHER

MNI: FRANCE SEP MANUF SENTIMENT AT 99

MNI: UK AUG PSNCR GBP2.47 BN

US EIA: CRUDE OIL STOCKS EX SPR -2.14M TO 418.5M SEP 15 WK

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

MPC Dabrowski On Rate Hikes, EU Unlikely To Disburse Recovery Fund Payments

POLAND
  • Polish rate increases so far have been sufficient to stabilize inflation expectations, Polish Monetary Policy member Ireneusz Dabrowski says in interview with Parkiet newspaper. According to the policy maker, further rate hikes are costs without benefits.
    • Small rate hikes have no impact on inflation expectations, while significant increases would push the economy into recession and boost unemployment. (BBG)
  • Further comments from NBP officials continues the ongoing fierce debate among the central bank board. Just last week Dabrowski said “We are seeing an attempt to transfer a political dispute to the Monetary Policy Council, which is very bad from the perspective of communication and the stability of the system.”
  • On EU funds - Poland will likely motion the EU for payments from recovery fund KPO but no payment will be made unless Poland meets milestones tied to the judiciary system, daily DGP writes, citing European Commission spokesperson Veerle Nuyts. Even in the unlikely case the Commission judges that judiciary milestones are met, Poland is actually trailing behind in meeting other milestones as well, the daily remarks.
  • Separately, oil flows via the northern leg of the Druzhba pipeline resumed in full on Saturday after an accident earlier in the week, according to Poland’s pipeline operator PERN.
BulletEM BulletEmerging Markets NewsHomepage
BulletEM BulletEmerging Markets NewsHomepage

To read the full story

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.