May 27
Poland: NBP keeps rates on hold
As expected, the Polish central bank today kept its key policy rate on hold at 3.75% We expect one more rate cut this year, but the NBP is likely to wait until after the next inflation report in June. A renewed zloty-sell-off could cut short the easing cycle. Details Totally as expected, the Polish central bank today announced that it will keep its key policy rate unchanged at 3.75%. This was both the market consensus and our expectation. The decision has no visible impact on Polish markets.
