日本語
Español
中文
Русский
- New York 17:08
- London 22:08
- Barcelona 23:08
- Tokyo 07:08
- Sydney 09:08
This report has been deactivated
The Polish central bank as expected announced that it has hiked its key policy rate by 25bp to 5.0%. The decision is overall neutral to the Polish markets, but note that some market participants had begun to speculate about a more aggressive hike.
Looking ahead we expect the NBP to hike its key policy rate further maybe already in December, but more likely in Q1. Inflationary pressures are on the rise in Poland. Both supply-side factors higher food and energy prices and demand-side pressures are adding to inflationary pressures. Furthermore, real wage growth at the moment outpaces productivity growth, increasing inflationary pressures.
We expect the NBP to be fairly hawkish at its press conference at 16:00 CET, but it should not move markets much as the markets have probably priced this in already.
0
0
Poland: The only prudent thing to do
Wed, Nov 28 2007, 16:21 GMT
by Lars Christensen
The Polish central bank as expected announced that it has hiked its key policy rate by 25bp to 5.0%. The decision is overall neutral to the Polish markets, but note that some market participants had begun to speculate about a more aggressive hike.
Looking ahead we expect the NBP to hike its key policy rate further maybe already in December, but more likely in Q1. Inflationary pressures are on the rise in Poland. Both supply-side factors higher food and energy prices and demand-side pressures are adding to inflationary pressures. Furthermore, real wage growth at the moment outpaces productivity growth, increasing inflationary pressures.
We expect the NBP to be fairly hawkish at its press conference at 16:00 CET, but it should not move markets much as the markets have probably priced this in already.
Published on Wed, Nov 28 2007, 16:22 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.