MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NBP Likely To Maintain The Pace Of Its Tightening Cycle on November 3

POLAND
  • Poland will next week submit to parliament draft legislation on its Disciplinary Chamber, in response to a ruling from the European Union's top court requiring it to dismantle the controversial regime for punishing judges (BBG).
  • This morning, economic data showed that manufacturing PMI came in higher than expected in October at 53.8 (vs. 53 exp.), up from 53.4 the previous month.
  • On the other hand, we previously saw that consumer confidence deteriorated in October amid rising Covid uncertainty.
  • NBP is likely to maintain the pace of its tightening cycle at its tomorrow's meeting (Nov 3) and hike the benchmark rate by at least 40bps.
  • A lower hike (i.e. 25bps) could disappoint the market and therefore increase the selling pressure on PLN, given that inflationary pressures are expected to remain elevated until at least the end of this year.
  • This morning, Deputy Finance Minister commented that inflation could hit 8% this year.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.