-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMPC's Kotecki Suggests Rates Will Remain Stable, Flags Difficulties Caused By Gov't Measures
NBP's Ludwik Kotecki told Gazeta.pl that the central bank is unlikely to raise interest rates this year, but there is no room for lowering them either.
- Kotecki reiterated his call for tightening monetary conditions but conceded that there is no majority in the rate-setting panel behind the idea. He is one of the three officials in the Monetary Policy Council who continue to support higher interest rates.
- The policymaker noted that CPI inflation will start decelerating from March after peaking above +19% Y/Y in February but also played down the importance of headline inflation. He said that the upward trend in core inflation makes any talk of rate cuts premature.
- Kotecki called earlier press reports noting that the government considers extending mortgage payment holidays "surprising," adding that such ideas suggest that political leaders do not believe in quick disinflation and ensuing rate cuts.
- He noted that mortgage payment holidays complicated the central bank's task last year because they "removed a whole segment of the economy from the influence of monetary policy. The official said that the prospect of the government implementing similar measures during the election year makes economic forecasting difficult.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.