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PLN Jawboning Continues as MPC remains Divided on 1Q21 Rate Cut

POLAND

MPC's Ancyparowicz on the wires:

  • POLISH RATE CUT IS NOT A FOREGONE CONCLUSION YET
  • RATE CUT MAY BE NEEDED IF ZLOTY CONTINUES TO GAIN
  • More PLN jawboning and threats of a 1Q21 rate cut from the MPC
  • Sell side still viewing the chances of achieving a majority in the MPC as relatively low
  • but cannot fully discount at this stage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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