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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
- NBP Governor Glapinski mentioned recently that the Ukraine war shock was almost entirely responsible for the increase in Polish CPI in March, contributing to 2.4ppts of the 2.5ppts acceleration.
- Yesterday, economic data showed that core CPI accelerated to 6.9% YoY in March (vs. 7% exp.), up from 6.7% the previous month.
- Poland 10Y yield has been retracing higher this week, breaking back above the 6% level yesterday; ST resistance to watch on the topside stands at 6.30%. On the downside, support to watch below 6% stands at 5.65%.
- The chart below shows that Poland still offer one of the lowest 10Y real yield among the EM world (-4.8%), and the second lowest in the CEE region after Czech Republic (-8.4%).
Source: Bloomberg/MNI
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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