Free Trial

PFR CEO Borys Turns More 'Hawkish' As Overheating Risks Are Rising

POLAND
  • Polish State Development Fund President (PFR) Pawel Borys mentioned in a conference today that some 80% to 90% of the Polish economy has exited the economic crisis and that GDP growth likely to top 5% in the next 2 to 3 years.
  • The rebound, which he estimates may be the fastest one since WWI, is likely to generate overheating risks in the short to medium term.
  • After mentioning that a rate hike may be needed in late 2021 / early 2022 in an interview on TOK FM radio earlier this week, it seems that the tone has changed drastically in today's speech as Borys says that NBP should start to normalize monetary policy (which implies a rate hike in the coming meetings).

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.