- Analytics
- News and Tools
- Market News
- Significant pressure on the zloty if NBP were not escalate to a 50 bps hike in September – Commerzbank
Significant pressure on the zloty if NBP were not escalate to a 50 bps hike in September – Commerzbank
Poland has seen another upside Consumer Price Index (CPI) surprise in August. This print should weigh on the zloty if the Narodowy Bank Polski (NBP) refrains from hiking rates by 50 bps in September, economists at Commerzbank report.
Inflation accelerates further
“Polish CPI surprised sharply to the upside again in August, registering 0.8% MoM increase vs. expectation of 0.2% MoM. Markets should view this as new development. Meanwhile, market expectations regarding further rate hikes from NBP are minimal (possibly +25 bps on 7 September).”
“There is likely to be significant pressure on the zloty if NBP were not to react in any manner to this CPI print (in other words, at least not escalate to a 50 bps hike in September).”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
