NBP seen on hold this week – BBH

In opinion of analysts at BBH, the Polish central bank is expected to leave its monetary stance unchanged at this week’s meeting.

Key Quotes

“National Bank of Poland meets Wednesday and is expected to keep rates steady at 1.5%”. 

“The central bank has been on hold at 1.50% since its last 50 bp cut in March 2015”.

“With new central bank chief Glapinski at the helm, we think the bank will ease in H2 if the outlook worsens.  Indeed, some MPC members are already starting to talk of easing after coming aboard spouting hawkish views”.