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PLN: Zloty Edges Higher, NBP MonPol Meeting In Rearview Mirror

PLN
PolandCEEMEAEM BulletBulletEmerging Market News

Positive risk sentiment is reflected in fresh losses for EUR/PLN, which last trades -34 pips at 4.2583. Bears look for a clean break below the 4.25 figure. Meanwhile, bulls see the 50-EMA (4.2792) as their initial target.

  • The dust settles after a hawkish tilt in the NBP's rhetoric last week. Governor Adam Glapinski said that monetary easing will have to be delayed by "some time" in the light of updated inflation forecasts.
  • MPC's Tyrowicz said that a debate on rate cuts in March would be premature, but it is worth noting that she is a hawkish dissenter and keeps calling for a rate hike.
  • POLGB yields have climbed across the curve this morning. FRAs consolidate gains registered on the back of hawkish NBP communique last week.
  • The WIG20 Index has added 0.2% today.
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Positive risk sentiment is reflected in fresh losses for EUR/PLN, which last trades -34 pips at 4.2583. Bears look for a clean break below the 4.25 figure. Meanwhile, bulls see the 50-EMA (4.2792) as their initial target.

  • The dust settles after a hawkish tilt in the NBP's rhetoric last week. Governor Adam Glapinski said that monetary easing will have to be delayed by "some time" in the light of updated inflation forecasts.
  • MPC's Tyrowicz said that a debate on rate cuts in March would be premature, but it is worth noting that she is a hawkish dissenter and keeps calling for a rate hike.
  • POLGB yields have climbed across the curve this morning. FRAs consolidate gains registered on the back of hawkish NBP communique last week.
  • The WIG20 Index has added 0.2% today.