Societe Generale: National Bank of Poland likely to cut rates
Quotes from Societe Generale We expect the central bank of Poland to lower rates in two steps, by 25bp in March and by 25bp in April. A 50bp interest rate cut in one step is also possible but, in our view, less likely. W…
We expect the central bank of Poland to lower rates in two steps, by 25bp in March and by 25bp in April.
A 50bp interest rate cut in one step is also possible but, in our view, less likely.
We would rule out the possibility of deeper rate cuts (more than 50bp). Interest rate adjustment in Poland is currently driven by deeper deflation and the latest changes in ECB policy.
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