Poland: NBP to keep its key rate on hold at 1.5% – TDS

Analysts at TD Securities and the unanimous consensus expect the NBP to keep its key rate on hold at 1.5%, where it has been since March 2015.

Key Quotes

“Preliminary August CPI inflation came out at 2.0% Y/Y, unchanged from the prior. Core inflation is running at even lower levels, 0.6% Y/Y in July, well below the 2.5% target. In the press conference Governor Glapinski is likely to reiterate his view that rates could well be on hold until well into 2019 or even beyond.”