POLAND: NBP Says Inflation to Remain "Markedly" Above Target in Coming Quarters
Feb-05 15:05
Highlights from the policy statement:
- In the Council’s assessment, in the coming quarters, inflation will remain markedly above the NBP inflation target, driven by the effects of the already introduced increases in energy prices, as well as rises in excise duties and administered services prices.
- At the same time, core inflation will probably also continue to be elevated. Unfreezing of energy prices in the second half of 2025 may contribute to extending the period of inflation staying above the target.
- In the medium term – under the current NBP interest rates level and amid the expected gradual decline in wage growth – inflation should return to the NBP target.
- Inflation developments over the medium term will be also affected by the further fiscal and regulatory policy measures
See the full release here.
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US TSYS: Post Durables/Cap-Goods Orders React
Jan-06 15:04
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Jan-06 15:00
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BOE APF SALES RESULTS: GBP725mln of medium-dated gilts with bid-to-cover of1.65x
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Previous bid-to-cover ratios: most recent first: 2.12x, 2.39x, 2.02x, 1.51x, 3.25x.
Source: MNI, Bloomberg
