Most analysts had been expecting a 25bp rate cut but consensus was far from unanimous, with some having expected a pause and others pencilling in another 75bp reduction.
EURPLN dipped to as low as 4.5896 on the back of the decision, closely matching the Sep 27 low. Initial firm support at 4.6037, the 20-day EMA, has also been pierced. A more sustained break would open the 50-day EMA at 4.5541.
The press release will be released at 1500BST/1600CET.

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Most analysts had been expecting a 25bp rate cut but consensus was far from unanimous, with some having expected a pause and others pencilling in another 75bp reduction.
EURPLN dipped to as low as 4.5896 on the back of the decision, closely matching the Sep 27 low. Initial firm support at 4.6037, the 20-day EMA, has also been pierced. A more sustained break would open the 50-day EMA at 4.5541.
The press release will be released at 1500BST/1600CET.

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EURPLN Dips to 4.59 on NBP Decision