Apr 29
Poland: We cave in - unchanged rates tomorrow
Until now we had expected that the Polish central bank (NBP) would hike its key policy rate by another 25bp to 6.00% at tomorrow’s Monetary Policy Council meeting. However, as of today we have changed that forecast so we now – in line with the consensus expectation – expect the NBP to keep rates unchanged. The reason for this is that today we received more information to show that growth is slowing.
