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MNI NBP Preview - Sept 2024: On Hold Until '25

No change in policy expected, with rates seen on hold until next year

Executive Summary:

  • NBP highly likely to keep policy unchanged
  • No easing expected this year, but rhetoric is softening for rate cuts in 2025
  • Glapinski's tone in Thursday's press conference likely of more market interest than Wednesday's policy announcement

Full preview including summary of sell-side views here: MNINBPPrevSep24.pdf

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Executive Summary:

  • NBP highly likely to keep policy unchanged
  • No easing expected this year, but rhetoric is softening for rate cuts in 2025
  • Glapinski's tone in Thursday's press conference likely of more market interest than Wednesday's policy announcement

Full preview including summary of sell-side views here: MNINBPPrevSep24.pdf

Keep reading...Show less