Tuesday, March 3, 2015

Domestic quotations on FX and FI on Wednesday dependent on the MPC decision and its … – Interia

Domestic quotations on FX and FI on Wednesday dependent on the MPC decision and its … – Interia

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Quotations zloty and bonds will depend largely upon what decides MPC / © 123RF / Picsel

According to the consensus PAP, Council on Wednesday will lower the NBP interest rates by 25 bps. It is believed that 16 of 22 surveyed economists. Four economists believe that this will be a reduction of 50 basis points. Two economists are of the view that the MPC will leave interest rates unchanged. When it comes to the overall scale of ‘adaptation’ level of NBP interest rates in the coming months, the group gained a slight advantage economists waiting, it will be a total of 50 basis points.

– stick to that will be cut by 50 basis points, which will translate a moderate weakening of the zloty. If it is only 25 bp, gold may be a little stronger – PAP said Piotr Poplawski, currency analyst with BGZ.

– In our opinion, the new NBP projection shows the high and low GDP growth, but the rising, inflation. This does not mean that, in order to extend it to adapt in time – he added.



DEBT LOSES FAITH IN deeper rate cut NBP

Tuesday was a fairly quiet day in the debt market , “indicating a slight weakness.”

– Quite easily, though it is a slight weakening. The reason – the main markets increased profitability bit. The second issue – the closer the MPC, the less confidence in the hearts of “traders” that the Council will take decisive action – PAP said Sebastian Silent TS dealer with BNP Paribas.

He added that in his opinion the MPC may reduce the Wednesday rates by 50 bps and such a move would help domestic bonds.

– If, however, it will be cut by 25 basis points, further situation will depend on the message and the announcement of the next steps. One cut interest rates by 25 bps is “very cosmetic surgery.” Beauty does not change anything in the current situation. The Council has cut the rate of “decent” or do nothing – Cichy said.



Tuesday Tuesday MON.
15.40 8.50 15.55
EUR / PLN 4.1540 4.1525 4.1551
USD / PLN 3.7185 3.7055 3.7031
EUR / USD 1, 1186 1.1207 1.1219
OK0717 1.64 1.62 1, 63
PS0719 1.84 1.81 1.80
DS0725 2.18 2.14 2.14

Source of information:  PAP

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