MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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

Polish Central Bank Publishes Outcomes Of Macroeconomic Survey

NBP

The NBP's March Macroeconomic Survey showed that uncertainty about inflation and interest-rate expectations of professional forecasters has eased but remains notably higher than the pre-2022 levels, while the uncertainty about GDP growth prospects remains elevated.

  • The central bank notes that the surveyed forecasters lowered their 2023 inflation expectations and see it settling within the +11.1%-14.2% Y/Y range (50% confidence interval), with the median estimate being +12.5% Y/Y.
  • According to mBank research desk survey results suggest that inflation expectations remain disanchored. The implied probability of headline CPI inflation averaging within the target band in 2025 is 24%.
  • Analysts expect GDP growth to be between -0.1% and +1.6% Y/Y this year, with the median estimate being +0.8% Y/Y. The implied probability of a recession is 26%.
  • The median forecast for the NBP's average reference rate this year is 6.69%, with the rate currently sitting at 6.75%.
  • The full summary of the outcomes of the survey can be accessed here.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.