The post Polish Zloty: Dovish NBP stance weighs on PLN – ING appeared on BitcoinEthereumNews.com.
ING’s Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation. He highlights a narrowing rate differential, stronger Dollar and recent EUR/PLN gains toward 4.29–4.30, arguing that potential rate-cut signals could create further upside for EUR/PLN as the debate intensifies after summer. Rate cut debate and zloty pressure “The National Bank of Poland will likely leave rates unchanged at 3.75% today, which is our baseline until the end of the year. More interesting today will be the new NBP forecast and statement and tomorrow’s press conference. The easing cycle in Poland was interrupted by turmoil in the Persian Gulf, but policymakers will require greater confidence in a favourable inflation outlook before resuming monetary easing.” “So far, the decline in inflation has largely b
Tariff-driven inflation pressures may challenge the Federal Reserve's control efforts, potentially leading to shifts in monetary policy.
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The post Euro: Political risks but downside bias – ING appeared on BitcoinEthereumNews.com.
Francesco Pesole at ING discusses Euro resilience despite French political developments, including Marine Le Pen’s 2027 bid and expectations of an RN win. He sees limited immediate impact on the Euro, keeps no political premium in EUR forecasts, and highlights a downside bias for EUR/USD, with Swedish inflation and EUR/SEK dynamics also in focus. France politics and Nordic spillovers “Marine Le Pen announced she will run in the 2027 presidential election after a court decision yesterday. We discuss the outlook for French politics, rates and FX in this note. This court decision doesn’t change much for the euro considering markets are likely to be already pricing in an RN win in April.” “Surely, there are risks that during the campaign OATs will experience pockets of stress around fiscal concerns, spilling over into the euro. But our baseline assumption is that RN will be careful not to unnerve th
Rising inflation risks could lead central banks to tighten policies, potentially slowing global economic growth and impacting markets.
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Rising inflation and geopolitical tensions could destabilize global economies, impacting emerging markets and driving shifts in investment strategies.
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The post With minutes due, Fed’s ‘family fight’ over interest rates could drag on appeared on BitcoinEthereumNews.com.
Kevin Warsh, incoming chairman of the US Federal Reserve, during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Yuri Gripas | Bloomberg | Getty Images Divided Federal Reserve officials indicated at their last meeting that they will address persistent inflation this year with one interest rate hike. History, though, suggests that policymakers will have a hard time stopping there. In fact, there have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down. Rather, the central bank’s Federal Open Market Committee tends to move in rate cycles, where it adjusts policy multiple times over a period to meet whatever goal it seeks to accomplish. “A lot of people are talking about one rate increase. The committee does not generally do that. I mean, what’s the point of t
The post US Dollar: FOMC minutes to highlight hawkish debate – TD Securities appeared on BitcoinEthereumNews.com.
TD Securities strategists preview the June Federal Open Market Committee (FOMC) Minutes, expecting more insight into the policy debate than provided by Chair Warsh’s press conference. They highlight internal disagreement over whether policy is sufficiently restrictive as inflation risks rise, with many officials seeing scope for both hikes and a pause, and most potentially favoring renewed tightening if inflation continues to surprise higher. Minutes to reveal policy divisions “The June FOMC minutes may reveal more about the policy debate than Chair Warsh did at his press conference.” “The apparent “family fight” likely focused on whether policy was restrictive enough given rising inflation risks.” “While “many” participants likely saw a case for both hikes and holding steady this year, the Committee’s recent hawkish tilt suggests “most” could have favored renewed tightenin
Rising geopolitical tensions in the Middle East could lead to sustained volatility in global markets, impacting oil supply and investor confidence.
The post Middle East tensions boost oil, dollar; Israeli stocks fall amid tanker attacks appeared first on Crypto Briefing.