Jun 28
Poland: Unchanged, but for how long?
Today the Polish central bank (NBP) kept its key policy rate unchanged at 5.75% in line with the consensus expectation and our expectation. That said, some analysts had expected a rate hike and a roughly 50% chance of a 25bp hike had been priced in the market, so to some players it most have been a “disappointment” that the NBP kept rates unchanged. For the second month in a row the NBP has kept its rates unchanged after initiating the monetary policy cycle mid-2007. However, there is no doubt
