MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

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 Reduces Pace Of Rate Cuts To 25bp, Governor Glapinski To Hold Presser

POLAND
  • EUR/PLN keeps flirting with the government's preferred 4.40-4.60 range after easing into that band yesterday as the NBP "adjusted" interest rates lower by 25bp. The move was in line with the consensus call (and our bias) but came after a surprising 75bp rate cut delivered in September, which was backed by questionable logic and sowed confusion among sell-side analysts confused ahead of this week's decision. Governor Adam Glapinski will hold a press conference to discuss the condition of the economy and explain the latest rate decision at 14:00BST/15:00CEST.
  • Deputy Finance Minister Artur Sobon scheduled a media briefing for after the announcement of the latest rate decision to discuss the outcome of the MPC meeting, but then cancelled it without providing any reason as the central bank reduced rates by a mere 25bp. Sources from the Finance Ministry told BusinessInsider that the Minister "has just asked to call off the press conference". Instead, Sobon wrote on his X handle that "there is a chance that inflation in Poland may ease below +7% Y/Y in coming months of 2023".
  • The time of Monday's pre-election debate hosted by public TV has been brought forward to 17:30BST18:30CEST from 20:00BST/21:00CEST. Onet reports that the move will reduce the reach of the programme and means that it will be broadcast directly ahead of the evening news, where commentary will be in line with the ruling party's stance.
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.