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NBP Keeps Rates Unchanged vs. Exp. 25bps Hike

POLAND
  • The Polish central bank keep rates unchanged vs. Exp. 25bps rate rise.
  • EUR/PLN immediately spikes on no change to rates (vs. expected hike), with a statement due to be published in 15 minutes time - EUR/PLN through yesterday's highs.
  • Market will now be speculating whether this is the end of the bank's tightening cycle.
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  • The Polish central bank keep rates unchanged vs. Exp. 25bps rate rise.
  • EUR/PLN immediately spikes on no change to rates (vs. expected hike), with a statement due to be published in 15 minutes time - EUR/PLN through yesterday's highs.
  • Market will now be speculating whether this is the end of the bank's tightening cycle.