RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

POLAND: Maslowska Joins List of Policymakers Looking for Q2 Rate Cuts

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

Poland will likely cut interest rates at the start of the second quarter if forecasts show that inflation is set for a sustainable decline, policymaker Gabriela Maslowska said in an interview. Below comments via Bloomberg:

  • “If there are clear signs that inflation is permanently easing toward the target, then there is a basis for lowering interest rates.”
  • The cut itself will “most likely happen at the beginning of the second quarter.”
  • She expects to see the benchmark, which has been at 5.75% for the last year, reduced by a total of 50 to 75 basis points next year. A full point cut over 2025 would be “a bit too risky.”
  • “We all would like the rates to be reduced and we’d like to see this as soon as possible, to sustain economic growth [...] But with the prospect of rising prices and uncertainties it would be a bit unreasonable to talk about significant reduction in rates.”
153 words

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.

Poland will likely cut interest rates at the start of the second quarter if forecasts show that inflation is set for a sustainable decline, policymaker Gabriela Maslowska said in an interview. Below comments via Bloomberg:

  • “If there are clear signs that inflation is permanently easing toward the target, then there is a basis for lowering interest rates.”
  • The cut itself will “most likely happen at the beginning of the second quarter.”
  • She expects to see the benchmark, which has been at 5.75% for the last year, reduced by a total of 50 to 75 basis points next year. A full point cut over 2025 would be “a bit too risky.”
  • “We all would like the rates to be reduced and we’d like to see this as soon as possible, to sustain economic growth [...] But with the prospect of rising prices and uncertainties it would be a bit unreasonable to talk about significant reduction in rates.”