Free Trial

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.

To read the full story

Close

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.