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MNI NBP Review - October 2021: NBP Hikes By 40bps

MNI NBP Preview - May 2021: Policy Rate To Remain Unchanged

Executive Summary:

  • 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

Check out full review here:

MNI Poland CB Review Oct 6.pdf


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.


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