FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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's Janczyk Says Rate-Cut Discussion Is Justified, Retail Sales Up Today

POLAND
  • NBP's Wieslaw Janczyk said that "it seems fully justified to discuss whether there could be a cut in benchmark interest rates at the decision-making meetings of the Monetary Policy Council in September or October." Janczyk said that "the primary condition for interest rate cuts is a confirmation of the [NBP] projection findings in coming months." In his view, the MPC should also assess if current monetary policy settings are appropriate for lower levels of inflation. A decline in the WIBOR would provide another signal supporting a rate cut, as it would indicate "market acceptance of lower money price." Janczyk added that the MPC would likely start with a cautious cut to the tune of 25bp.
  • The main opposition Civic Platform (PO) called for a protest on October 1 after police searched a woman who called a doctor seeking medical assistance after taking an abortion pill. The rally will take place just two weeks ahead of the most likely date for a parliamentary election. A PO source told Onet that the party had already been planning to hold a rally around that time. Some observers have interpreted the party's call as an attempt to draw public attention to issues that may undermine support for the right-wing ruling Law and Justice and the far-right opposition Confederation.
  • Poland's June retail sales will cross the wires at 09:00BST/10:00CEST. Consensus looks for an annual increase of 2.6%, with real retail sales expected to have shrunk 5.0% Y/Y. Yesterday's macroeconomic data showed that real wage growth turned positive for the first time since July 2022.
EM BulletHomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletEmerging Market News

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.