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Monetary Tightening To Continue Until CPI Inflation Declines

POLAND
  • There were no surprising announcements from NBP Governor Glapinski at the press conference, mainly reiterating that policy tightening will continue until CPI inflation declines.
  • Glapinski added that Poland Q1 GDP growth around 8% YoY.
  • Bull momentum on EURPLN continues, with the pair approaching its 4.71 resistance; next resistance to watch above that stands at 4.7280.

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