Free Trial

Steady After NBP Rate Decision, Focus Turns To Statement & Forecasts

PLN

EUR/PLN clings onto its earlier losses as the NBP kept interest rates unchanged and said it would publish the full statement from its monetary policy meeting at 16:00CET/15:00GMT. The decision not to move rates was widely expected, which is why the statement, the updated forecasts, and tomorrow's presser will steal the limelight.

  • EUR/PLN last deals at PLN4.6821, down 82 pips on the session. Price action has been volatile, with the rate suddenly reversing its initial gains ahead of the announcement of the rate decision.
  • POLGBs have clawed back earlier losses before stabilising around current levels. The space has been unfazed by the NBP decision announcement.

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.