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NBP Surprises The Market With a 75bps Hike

POLAND
  • The NBP decided to increase its benchmark rate by 75bps to 1.25% (vs. 25bps hike expected).
  • PLN is appreciating following the decision, with USDPLN currently trading at the low of its 3-day range. Support to watch on the downside stands at 3.95, followed by 3.9350.

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