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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
- NBP Governor mentioned during his press conference on Friday that the central bank will not hike rates if Polish CPI peaks this summer, adding that policymakers expect inflation to peak in summer months.
- However, the NBP could continue its tightening cycle if inflation continues to surprise positively in the near term.
- Glapinski also said that Poland may enter a 'technical recession' as the economic activity may slow sharply in the coming quarters.
- For instance, the sharp flattening of 2Y10Y yield curve has been pricing in a sharp deceleration in the economic activity in the coming month (see chart).
- Poland is considering slapping a windfall tax on state-controlled gas and energy firms, as well as fertilizer makers, to get back some of the extra profits they’ve earned during recent increase in energy prices (BBG).
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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