Poland: Yet another rate hike from the NBP
Completely as expected, the Polish central bank (NBP) today hiked its key policy rate by 25bp to 6.0%. The hike comes as the Polish economy continues to grow strongly and inflation remains well above the NBP?s target of 2%. We expect inflation to peak around 5% y/y in the coming month, and hence the NBP?s tightening of monetary policy can easily be justified.
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6/25/2008 1:12:42 PM
FXstreet.com: Fundamental
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