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4 May 2015
Poland to keep rates on hold this week – BBH
FXStreet (Edinburgh) - The research team at BBH expects the Polish central bank to keep its benchmark rates intact at 1.5% this week.
Key Quotes
“Poland central bank meets Wednesday and is expected to keep rates steady at 1.50%”.
“After its last 50 bp cut in March, it said the easing cycle was over”.
“However, this pledge will depend on how the data come in. Inflation expectations remain anchored for the last nine months at 0.2%”.
“CPI is still in deflationary territory, -1.5% y/y in March”.
“A strong zloty exacerbates the deflationary conditions, but official comments so far do not show much concern here”.
Key Quotes
“Poland central bank meets Wednesday and is expected to keep rates steady at 1.50%”.
“After its last 50 bp cut in March, it said the easing cycle was over”.
“However, this pledge will depend on how the data come in. Inflation expectations remain anchored for the last nine months at 0.2%”.
“CPI is still in deflationary territory, -1.5% y/y in March”.
“A strong zloty exacerbates the deflationary conditions, but official comments so far do not show much concern here”.