POLAND: NBP's Maslowska Says 25bp Apr Cut Possible if CPI Soft
Apr-23 13:32
Speaking in an interview with Bloomber, MPC member Gabriela Maslowska said the NBP may reduce its benchmark interest rate by 25bps next month if April’s inflation readout stays soft. Maslowska’s stance has changed since March when she envisaged rate cuts only late in 2025 or early next year, Bloomberg add.
- “The improving inflation outlook is in favor of initiating discussions on monetary easing,” Maslowska told Bloomberg News. “It can’t be ruled out that interest rates will be cut in May. The CPI reading for April and especially the July projection will be crucial for the decision to cut interest rates in the coming months.”
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US: MNI POLITICAL RISK-Trump Hints At Narrower Reciprocal Tariffs
Mar-24 13:30
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- The White House issued a memo promising sanctions against law firms engaging in "frivolous" litigation, injecting more uncertainty into US institutions as Democrats warn Trump's actions toward the judiciary risks a constitutional crisis.
- White House officials have suggested that Trump’s ‘Liberation Day’ tariffs could be more targeted than previously signalled.
- House Speaker Mike Johnson (R-LA) and Senate Leader John Thune (R-SD) will meet on Tuesday for a crucial meeting on a compromise budget resolution underpinning Trump's agenda.
- The Bipartisan Policy Center has projected the X Date is likely to come between mid-July and early October, as Republicans remain divided on strategy for raising the debt limit.
- Treasury Secretary Scott Bessent is accelerating a play for more control over banking regulators.
- US and Russian officials will meet in Riyadh today for a round of technical talks towards a maritime ceasefire.
- Senator Steve Daines (R-MT) told Chinese government officials that Beijing must curb the flow of Fentanyl into the United States before trade negotiations can take place.
- Venezuela said it will begin receiving deportation flights again after the two countries struck a deal for Chevron to keep operating in Venezuela.
- A delegation of Trump administration officials is expected to travel to Greenland this week, escalating a diplomatic standoff over the sovereignty of the strategic Arctic territory.
- Chart of the Day: Tracking every Trump tariff and its economic effect
Full Article: US DAILY BRIEF
EURIBOR OPTIONS: Put spread buyer
Mar-24 13:25
ERM5 97.75/97.62ps 1x1.5, bought for 2.25 in 4k.
US TSY OPTIONS: May'25/Jun'25 10YCall Spread
Mar-24 13:21
- 18,500 TYK5 112/TYM5 112.5 call spds, 10 net db/June over vs. 110-31.5/0.05%
