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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.
POLAND
Executive Summary:
- NBP is likely to hike its policy rate by 50bps to 2.75%
- NBP Governor Glapinski commented in a recent interview that the central bank is welcoming stronger zloty
- With political risk premium being now trimmed, a strengthening currency reduces the pressure on NBP policymakers to surprise the market with more aggressive hikes
Link to full preview:
MNI Poland CB Preview Feb 8.pdf
The National Bank of Poland is likely to keep the pace of its tightening cycle and hike the policy rate by 50bps on February 8th to continue its combat against inflation. This move will increase the policy rate to 2.75%, its highest level since June 2013. In order to anchor inflation expectations through the exchange rate mechanism, CEE central banks are likely to increase the policy rate above the neutral rate in H1 2022 before gradually decrease it towards ‘equilibrium’ as inflationary pressures start to ease.
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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