Feb 27
Poland: NBP delivered another hike
The Polish central bank (NBP) today hiked its key policy rate by another 25bp to 5.50%, as we had expected. Polish inflation has moved well above the Polish central bank’s inflation target of 2½% +/- 1 percentage point (4.3% y/y in January) and that, together with a upside surprise in wages, triggered today’s hike.