-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessZloty Tad Softer, 2022 GDP Growth Marginally Above Expectations
EUR/PLN operates marginally above neutral levels, last +23 pips at PLN4.7089. Gains past Jan 19 high of PLN4.7453 would bring Nov 16 high of PLN4.7848 into play. Bears look for a dip through Jan 4 low of PLN4.6573 before taking aim at Dec 26/Jun 21 lows of PLN4.6270/62.
- Poland's 2022 economic growth topped expectations, coming in at +4.9% Y/Y versus median estimate of +4.8%. The expansion was slower than in 2021 (+6.8%), as a series of rate hikes and the war in neighbouring Ukraine took their toll. Local sell-side analysts have noted that the data implies a 1.5-1.6% Q/Q drop in private consumption in 4Q2022, which should support the dovish majority in the NBP.
- PM Morawiecki said that Poland will increase its defence spending to 4% of GDP, more than previously planned, due to the ongoing war in Ukraine.
- POLGBs have retreated and last trade up to 8.8bp cheaper across the curve. WIG20 has shed ~1.2% in morning trade.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.