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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.
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NBP Governor Glapinski Confirmed That He Sees No Risk of Overheating
- NBP Governor Adam Glapinski spoke at a press conference on Friday and confirmed that inflation is currently driven by supply shocks and he sees no risk of overheating in Poland.
- While Polish inflation is expected to remain above the 3.5% NBP upper tolerance band for the rest of the year, its is expected to decline towards 2.5% in 2022.
- As the uncertainty over the economic recovery remains elevated, Glapinski said that the NBP will not rush to tighten monetary policy as it could impact growth expectations in the medium term.
- This morning, the NBP is expected to publish its Inflation Report at 9am (London Time).
- Important economic data to watch this week will be the May current account balance coming out on July 14 and core CPI on June 16.
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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.