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NBP Expect CPI Growth to Fall Significantly in Coming Months
Highlights from the policy statement:
- The Council judges that the decrease in inflation is supported by the appreciation of the zloty exchange rate.
- In the coming months, annual CPI growth is likely to fall significantly, while the decline in core inflation will be slower.
- At the same time, inflation developments in subsequent quarters are associated with uncertainty, related in particular to the impact of fiscal and regulatory policies on price developments, as well as the pace of economic recovery in Poland.
- The Council judges that the current level of the NBP interest rates is conducive to meeting the NBP inflation target in the medium term.
- NBP may intervene in the foreign exchange market.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.