Research (Česká spořitelna)
Macroeconomics  |  October 03, 2012 09:15:14

Poland's central bank decides on rates today


Today meets Polish central bank. We have long held the view that the time rate of change still will not have to wait for November when there will be a release of a new forecast. Now we are after all only slightly inclined by 25 bps cut will have on today's session. The last date was after all only a bit weak (industrial production, retail), while inflation is still high, but it is reasonable to assume that it will continue to fall. Moreover it is not so high, so that if the cut were negative real rates (that is, in the eyes of NBP important aspect). A couple of other arguments can be found in our yesterdays makroskopu (en). Interest will certainly press conference after the meeting.Governor Belka has previously indicated that any cut will be one-off, but the beginning of the release cycle.

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Polská centrální banka dnes rozhodne o sazbách

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