Free Trial

NBP Likely To Hike By 50bps on February 8

POLAND
  • Momentum on PLN has been strong in the past week following Glapinski comments and the fall in political uncertainty.
  • NBP Governor commented last Wednesday that the central bank welcomes stronger zloty (against Euro).
  • In attempt to ease the tensions with Brussels, President Duda will propose a bill to the parliament that includes changes to the Disciplinary Chamber of the Supreme Court.
  • In addition, Poland PM Morawiecki signed a deal on Thursday with Czech counterpart PM Fiala to end the on-going dispute on Turow mine.
  • PLN has been the best performing currency among the EM world this month, up 2.3% against the US Dollar.
  • NBP is meeting on February 8 and is likely to hike its policy rate by 50bps to 2.75%.
  • Governor Glapinski will hold a press conference on Wednesday (2pm, London time).

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.