National Bank of Poland hike rates to 6 USDPLN
The NBP hiked rates 75bps, as expected, as it tries to fight off inflation from rising commodity prices.
Source: cityindex.co.uk
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The NBP hiked rates 75bps, as expected, as it tries to fight off inflation from rising commodity prices.
The NBP is looking to stem rapidly rising inflation due to the Russia/Ukraine war.
Eastern European EM pairs may be a good alternative to USD/RUB for the short-term trader.
Investors who were unease about the ongoing Russia/Ukraine conflict now have even more to worry about.
If USD/RUB continues moving higher, then given the strong correlations, the Eastern European EMs may move higher with it!