Free Trial

NBP Follows Expectations: Uptick in GDP & CPI Forecasts & Dovish Guidance retained

POLAND
  • So as predicted, inflation and growth projections tick higher and the NBP maintains its dovish communique
  • reiteration of FX intervention is more for show and unlikely to be necessary at current levels (perhaps if we see aggressive PLN appreciation past 4.47), but becoming harder to justify from a growth-hampering standpoint
  • QE is likely to be the primary vehicle for more easing over additional rate cuts with limited appetite within the MPC to approach the zero lower bound
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.