Free Trial

NBH To Hold Additional Non-Rate Decision Meeting Today

  • The NBH is expected to hold an additional non-rate-decision meeting today, with policymakers likely to discuss the emergence of the new variant 'Omicron' (no specific time).
  • The last time the NBP (Poland) held an additional non-rate-decision meeting in the end of September resulted in an aggressive 40bps hike in their October meeting (vs. unchanged expected).
  • Hence, policymakers are likely to discuss policy outlook given that rising Covid cases will result in a significant downward revision in growth expectations:
    • on one hand, rising inflationary pressures should pressure the NBH to continue hiking rates;
    • on the other hand, hiking rates too aggressively when growth expectations are fading increase recession risks.

To read the full story


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.