FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
Live cross-firm bank consensus across 36 desks — FX, oil & gold
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CENTRAL AND EASTERN EUROPE: The surprising decline in CPI inflation in May is positive news for the Monetary Policy Council (MPC) ahead of its 2 June meeting. The MPC can keep the rates on hold and debate whether the supply shock stemming from surging crude oil prices requires a
The recent report from ING highlights Poland's ability to maintain low inflation levels even after prior energy shocks, with June's CPI coming in at 2.5% YoY. This positive outlook is driven by falling fuel and food prices, which could shape the direction of the Polish zloty moving forward. Per the full note, the prevailing geopolitical tensions in the Middle East could influence the monetary policy stance of the National Bank of Poland, adding caution to any potential rate cuts this year. Without high-impact events on the immediate horizon, traders should keep a close watch on how these dynamics interact with broader market sentiments.