Central Bank of Poland looks set to cut interest rates today: Capital Economics

Quotes from Capital Economics:

- The Central Bank of Poland looks set to cut interest rates today. Having kept rates on hold at the previous meeting, Governor Belka made it pretty clear that rates will be lowered this time around. 

- And recent data only strengthen the argument for further monetary easing - the economy slid further into deflation and activity data softened at the start of the year. 

- We expect a 25bp cut to 1.75%, but we wouldn't be completely surprised if rates are cut by 50bp.