Quotes from Danske Bank:
-The Polish central bank (NBP) continues to significantly undershoot its 2½% inflation target and we are likely to see continued deflation in the coming months.
-So while we expect a pick- up in Polish growth the NBP still is likely to cut interest rates in response to the continued deflationary pressures.
-Furthermore, the rebound in the zloty over the past month certainly is also an argument for rate cuts. That said, we do not expect aggressive monetary easing.
