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Glapinski Gives Mixes Messages on Rate Cuts


Glapinski's speech:

  • sees no risk of polish inflation surging, `tremendous' pressure on zloty appreciation
  • inflation is broadly in line with polish goal
  • polish central bank to continue with large-scale qe
  • Excess liqudity in polish banking system significant
  • possible to cut polish rates below zero
  • NBP is analyzing rate cut
  • polish cut would need radical worsening of economy
  • Poland still has `wide room' to cut interest rate
  • Most likely polish rates won't change for next 2 yrs
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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