Analysts at Rabobank suggest that the National Bank of Poland is set to keep its main policy rate at record low of 1.50% when its decision is announced around midday London time.
Key Quotes
“As on previous occasions the main focus will be on comments from Governor Glapinski who is likely to reiterate his mantra that interest rates should remain unchanged throughout 2019 or even until 2020.”
“As our analyst Piotr Matys notes, the wait-and-see approach is based on the notion that Poland is an oasis of stability, according to Glapinski who has a dominant position in the Council. While inflation remains comfortably below the official 2.5% target, inflationary pressure may increase due strong private consumption fuelled by robust wage growth amid tightening labour market and generous child subsidies which boosted disposable income of Polish families.”
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