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Markets Closed On Monday

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NBP Expected to Hike Rates 25bps in Close Decision

POLAND
  • MNI sees the NBP raising rates to 7.00% this meeting amid persistent upward pressure in both core and non-core components of inflation. This is likely to have tilted the balance between a rate hike and no change despite a number of board members expressing preference of an end to the rate hike cycle.
  • Sell-side analysts are split between a 25bps hike and no change, with Governor Glapinski expressing his support for the former. See full MNI Preview with sell-side analyst views here: NBPPreviewNov22.pdf (rbl.ms)
  • The timing of the rate announcement is to be confirmed, with media usually getting a 15 minute warning prior to the decision. The October and September rate decisions came at 1425 UK time (1525 CET) and 1420 UK time (1520 CET) respectively.

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  • MNI sees the NBP raising rates to 7.00% this meeting amid persistent upward pressure in both core and non-core components of inflation. This is likely to have tilted the balance between a rate hike and no change despite a number of board members expressing preference of an end to the rate hike cycle.
  • Sell-side analysts are split between a 25bps hike and no change, with Governor Glapinski expressing his support for the former. See full MNI Preview with sell-side analyst views here: NBPPreviewNov22.pdf (rbl.ms)
  • The timing of the rate announcement is to be confirmed, with media usually getting a 15 minute warning prior to the decision. The October and September rate decisions came at 1425 UK time (1525 CET) and 1420 UK time (1520 CET) respectively.