Poland: NBP to keep the policy rate on hold - TDS

There is little doubt that the NBP will keep the policy rate on hold at 1.5%, where it has been since March 2015, according to analysts at TDS.

Key Quotes

“With growth strong and last inflation reading at 1.3% Y/Y in February it remains comfortably below the target level of 2.5%. On top of that the prevailing view within the MPC is that the policy rate will stay at 1.5% all this year, although, as inflationary pressures pick up later this year, we see a clear risk that policy normalization starts earlier.”