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MPC Rejected Motions For 100bp, 25bp Hikes In May

NBP

The National Bank of Poland released the vote splits from its monetary policy meeting concluded on May 10, when the Monetary Policy Council decided to keep interest rates unchanged.

  • A motion to raise interest rates by 100bp was supported only by Joanna Tyrowicz, while Ludwik Kotecki and Przemyslaw Litwiniuk joined her in voting for a 25bp rate hike.
  • The vote splits and the outcome mimicked the prior monetary policy meeting concluded on April 5. At the following meeting concluded on June 6, the MPC also kept interest rates unchanged.

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