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POLAND: NBP Decision Due Wednesday, Expected Unchanged

POLAND
  • It is highly unlikely that any of the ten members of the MPC will cast their vote in favour of a rate cut, with the NBP widely expected to stand pat on rates at least through the end of 2024. That being said, a growing number of members have flagged the potential for interest-rate cuts in 2025, most notably with Governor Adam Glapiński softening his hawkish forward guidance. The official may provide a more formal update on the interest-rate outlook during the press conference, taking stock of weaker-than-expected macroeconomic data at the start of Q3.

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