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Forward Rates Still Pricing In ‘Large’ Hike For April’s Meeting

POLAND
  • Forward rates are still pricing in a 'large' for the April’s meeting hike despite the sharp PLN recovery in the past ten days.
  • FRA 1Mx4M is currently trading 77bps above the Wibor 3M.
  • As a reminder, the NBP raised its policy rate by 75bps to 3.5% last week (vs. 50bps exp.) to continue its combat against inflation.

Source: Bloomberg/MNI

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