Poland: MPC likely to keep its policy rate on hold - TDS

According to analysts at TD Securities, there is little doubt that the MPC will keep its policy rate on hold today at 1.5% in Poland, where it has been since March 2015.

Key Quotes

“Aside from the more hawkish members, they will probably be fairly relaxed about the move up in CPI inflation to 2.6% y/y in June, just above the 2.5% target. With the Fed and the ECB shifting in a distinctly more dovish direction and with some signs that the Polish economy is slowing, albeit from a very fast pace, the MPC will see little need to change their view that rates will be on hold for this year and, at least, a good part of next year.”