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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.
POLAND
- The NBP is likely to hike its policy rate by 75bps to 6.75% on July 7 in hopes to ease the elevated inflationary pressures.
- Risks may be skewed to the upside slightly, but the board has recently mentioned that it was not in favour of maintaining its 'sharp' 100bps+ hike stance.
- Risk off sentiment this week has been weighing on CEE currencies, with EURPLN surging dramatically higher to find resistance at 4.8035 on Wednesday, the 38.2% Fibo retracement of the 4.4830 – 5.0020 range, before consolidating lower.
- ST support to watch on EURPLN stands at 4.7420 (50% retracement).
Source: Bloomberg
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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