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- The NBP decided to increase its benchmark rate by 40bps to 0.5% at yesterday's meeting
- In its statement, the NBP mentioned that it now sees longer period of elevated inflation
- Investors will focus on Glapinski's conference today, who will provide further guidance on NBP policy outlook
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The NBP decided to increase its benchmark rate by 40bps to 0.5% at yesterday's meeting, following the positive surprise in inflation in recent months. Consensus was still expecting interest rate to remain unchanged while economic recovery is taking place, with a potential 15bps hike in November.