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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 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:
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
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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