Mar 26
Poland: NBP delivers moderate 25bp rate cut
The Polish central bank (NBP) today cut its key policy rate by 25 basis points to 4%. The decision to cut by 25bp was in line with our and consensus expectations, even though this week's coordinated verbal intervention of the Polish, Hungarian, Czech and Romanian central banks to defend dramatically weakening CEE currencies has raised the question as to whether the first central bank holding the monetary policy meeting after verbal intervention - the Polish central bank - would fulfil its
