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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.
POLAND
Executive Summary:
- NBP is likely to hike its policy rate by 100bps today following recent PLN dramatic depreciation
- The deterioration in the Russia/Ukraine conflict have left CEE currencies vulnerable in recent weeks, which put policymakers in a ‘difficult’ position as depreciating zloty keeps supporting inflation expectations
- A lower rate hike could ‘disappoint’ market and therefore lead to further PLN weakness
Link to full preview:
MNI Poland CB Preview March 8 .pdf
The National Bank of Poland (NBP) is likely to hike its benchmark rate by 100bps on March 8th to continue its combat against inflation. This move will increase the policy rate to 3.75%, its highest level since February 2013. The deterioration in the Russia/Ukraine conflict have left CEE currencies vulnerable in recent weeks, which put policymakers in a ‘difficult’ position as depreciating zloty keeps supporting inflation expectations.
Source: Bloomberg/MNI
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.
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