Poland to keep rates on hold this week – BBH

Analyst at BBH expect the Polish central bank would remain ‘on hold’ at its meeting later in the week.

Key Quotes

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

“CPI fell -0.2% y/y in October, the shallowest deflation since July 2014”.

“Outright inflation seems likely in the coming months, which should keep the central bank on hold whilst looking for an eventual rate hike”.

In addition, “Philippine central bank meets Thursday and is expected to keep rates steady at 3%”.

“CPI rose 2.3% y/y in October, which remains in the 2-4% target range”.

“Rising inflation and peso weakness has likely ended the central bank’s easing cycle.  September trade will also be reported that day”.