At its scheduled rate-announcement meeting, the NBP decided to halve its Base Rate by cutting it to 0.50%, Cristian Maggio from TD Securities reports. EUR/PLN is trading at 4.5421. Key quotes “The NBP has surprised the consensus by cutting rates by 50bps to 0.5% today. We had expected a hold.” “We consider today’s cut as being pre-emptive of the worsening economic conditions and related tightening of Polish financial conditions that are yet to come.” “EUR/PLN has inched modestly higher despite the market being positioned for easing today (we estimated that -35bps were in the prices yesterday).” 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. View All Post By FX Street FXStreet News share Read Next USD/JPY: 108.50 marks an initial target to the downside – TDS FX Street 2 years At its scheduled rate-announcement meeting, the NBP decided to halve its Base Rate by cutting it to 0.50%, Cristian Maggio from TD Securities reports. EUR/PLN is trading at 4.5421. Key quotes “The NBP has surprised the consensus by cutting rates by 50bps to 0.5% today. We had expected a hold.” “We consider today's cut as being pre-emptive of the worsening economic conditions and related tightening of Polish financial conditions that are yet to come.” “EUR/PLN has inched modestly higher despite the market being positioned for easing today (we estimated that -35bps were in the prices yesterday).” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
