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MNI NBP Preview - Feb 2025: Placeholder Before March

The NBP is expected to stand pat on rates but some members still see potential room for cuts in 2H25.

Executive Summary:

  • Consensus calls for another on-hold rate decision.
  • Governor Glapinski is expected to keep his hawkish bias.
  • After this meeting, the focus will turn to the March inflation projection.

Full preview including a summary of sell-side views here: MNI NBP Preview - February 2025.pdf

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Executive Summary:

  • Consensus calls for another on-hold rate decision.
  • Governor Glapinski is expected to keep his hawkish bias.
  • After this meeting, the focus will turn to the March inflation projection.

Full preview including a summary of sell-side views here: MNI NBP Preview - February 2025.pdf

Keep reading...Show less