POLAND: NBP Say Core CPI Likely Eased in May
Jun-04 14:05
Highlights from the policy statement:
- Considering the Statistics Poland data, it can be estimated that in May 2025 inflation net of food and energy prices decreased slightly, whereas services price growth remained elevated
- The Council judges that the current level of the NBP interest rates is conducive to meeting the NBP inflation target in the medium term.
- Developments in demand pressure and situation in the labour market in subsequent quarters, as well as the level of administered energy prices and fiscal policy stance,remain an uncertainty factor.
- Uncertainty stems also from inflation developments abroad, following, among others, from changes in trade policies of major economies.
See the full release here.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BUNDS: Fell 20 ticks on the US ISM Services Data
May-05 14:05
- The German Bund falls 20 ticks following the higher than expected US ISM services, Price Paid, New orders and Employment all beat expectation.
- The move is still fairly contained and support is still see at 130.75, despite printing a 130.69 Overnight.
US TSYS: Post-ISM Services React
May-05 14:05
- Treasury futures gap lower after higher than expected ISM Services data.
- Jun'25 10Y currently -5 at 111-00 vs. 110-31 low (10Y yld at 4.3453%), through technical support below at 111-02 (Low Mar 2 / 50-dma).
- Sights are on support at the 50-day EMA, at 110-30+. A clear breach of this average would strengthen a bearish threat and expose 110-16+, the Apr 22 low.
- Cross asset: Still weaker BBG US$ index bounces to 1220.07 (-4.44); stocks pare losses: S&P eminis -38.5 at 5670.25.
MNI: US ISM APR SERVICES COMPOSITE INDEX 51.6
May-05 14:00
- MNI: US ISM APR SERVICES COMPOSITE INDEX 51.6
- US ISM APR SERVICES PRICES 65.1
