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MNI NBP Preview - April 2024: Staying Cautious

Analysts unanimously expect the NBP to extend its pause in interest-rate action as familiar risk and uncertainties continue to linger.

Executive Summary:

  • The NBP is widely expected to keep interest rates unchanged again.
  • Headline inflation dipped below the +2.5% Y/Y target but upside risks remain.
  • Recent communications signalled the cautious approach of most MPC members.


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Executive Summary:

  • The NBP is widely expected to keep interest rates unchanged again.
  • Headline inflation dipped below the +2.5% Y/Y target but upside risks remain.
  • Recent communications signalled the cautious approach of most MPC members.


Keep reading...Show less