Free Trial

Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Executive Summary:

  • NBP likely to surprise again with 75bps hike despite rising uncertainty
  • Inflation continued to surprise positively in November, up 7.7% YoY
  • Consensus is pricing in a 50bps hike, which may disappoint the market and therefore lead to some PLN depreciation

Link to full preview:

NBP Dec 8.pdf

The National Bank of Poland Is likely to keep the pace of its tightening cycle and hike the policy rate by 75bps on December 8th to curb the inflationary pressures. Even though the rise in uncertainty over the economic outlook keeps weighing on growth expectations, inflation continued to surprise positively in November, therefore pressuring NBP policymakers to act. Market consensus expects a 50bps hike.

Source: Bloomberg/MNI