Jun 28
Poland: NBP keeps rates on hold
As expected the Polish central bank today kept its key policy rate on hold at 3.75%. We think that the easing cycle has come to an end as inflation is likely to remain above the NBP’s inflation target of 2.5% until mid-2010. Details As expected, the Polish central bank (NBP) today announced that it will keep its key policy rate unchanged at 3.75% for the second consecutive month. This was both the market consensus and our expectation. The decision has no visible impact on Polish markets. The
