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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
- The rise in geopolitical tensions in January has been weighing on CEE currencies, particularly PLN, which is the most vulnerable currency among the region due to Poland’s relatively bigger dependence on imports from Russia.
- PLN is the weakest performing currency among the EM world since mid-January (2022), the zloty is down 2.2% against the USD (see chart).
- A weak PLN puts Polish policymakers in a difficult position ahead of the NBP meeting on February 8 as a depreciating currency keeps supporting inflation expectations.
- A 50bps hike seems likely given policymakers’ recent speeches, which would levitate the policy rate to 2.75%, its highest level since June 2013.
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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