Home Poland: MPC to keep its policy rate on hold at 1.5% – TDS
FXStreet News

Poland: MPC to keep its policy rate on hold at 1.5% – TDS

In view of analysis team at TD Securities, there is little doubt that today the Poland’s MPC will keep its policy rate on hold at 1.5%, where it has been since March 2015.

Key Quotes

“Recent inflation data has been benign, with preliminary headline CPI inflation running at 1.7% Y/Y in October down from a prior 1.9%, and comfortably below the 2.5% target.”

“Core inflation is even more subdued, running at 0.8% Y/Y in September. In the press conference Governor Glapinski is likely to repeat his recently stated view that “with a huge probability, rates will remain stable until the end of 2019, and if nothing changes – even further.” We are more hawkish, expecting rates to be raised around the middle of next year.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.