- Analytics
- News and Tools
- Market News
- Zloty to appreciate if NBP is right with its strategy – Commerzbank
Zloty to appreciate if NBP is right with its strategy – Commerzbank
Time will tell whether the Polish central bank (NBP) is correct with its strategy or not. The data on core inflation gives reason to question this, in the opinion of economists at Commerzbank.
Core rate illustrates that price pressure remains high on a broad basis
“It is quite possible that the overall rate might have peaked. However, the core rate, in particular, illustrates that price pressure remains high on a broad basis, regardless of energy and food prices, and that this is unlikely to change anytime soon.”
“We will only find out in a couple of months’ time whether the NBP’s reliance on falling inflation rates in 2023 is founded and whether real interest rates will rise into less negative territory. If that is the case, the Zloty should be able to appreciate. If not, things look rather worse for the NBP’s credibility and the Zloty.”
© 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
