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Gov Glapinski: Current Rate Optimal; QE to Continue

NBP

NBP Governor Glapinski Speaks at online Briefing

  • CURRENT RATE LEVEL IS OPTIMAL, WILL STAY FOR LONGER
  • POLISH ECONOMY TO SIGNIFICANTLY REBOUND NEXT YEAR
  • NO PLANS TO INTRODUCE TLTRO IN POLAND
  • OUR BOND PURCHASE PROGRAM HAS STABILIZED MARKET & HAS NO TIME LIMIT
  • QE stance was reiterated at the previous NBP meeting, where expectations for a pickup in QE have been brewing for some time
  • However, NBP has been vocal in saying QE will only be ramped up if market conditions/liquidity deteriorate sufficiently to necessitate a response
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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