Poland: One more hike from the NBP
Just as expected, the Polish central bank (NBP) hiked its key policy rate today by another 25bp to 5.25%. Polish inflation has moved well above the Polish central bank’s inflation target of 2½% +/-1 percentage point, and therefore it is only natural that the NBP hiked its key policy rate again today. With inflationary pressures remaining strong from both the demand and supply side of the economy, it is likely that the NBP will continue its tightening cycle for some months to come. We expect a
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