Poland rates seen unchanged as inflation exceeds target
Investors await a National Bank of Poland interest rate decision, with expectations for rates to stay on hold despite annual inflation accelerating to 4.0% in September, above the central bank's target range. The Polish zloty was slightly weaker.
WARSAW, Oct 7 (Reuters) — Central European currencies were slightly weaker on Wednesday as investors awaited a National Bank of Poland interest rate decision, with expectations for rates to stay on hold despite inflation accelerating above target. 5% target range. The rise was driven mainly by higher fuel prices linked to the conflict in the Middle East, although recently announced government measures aimed at limiting fuel prices are expected to curb inflation in coming months. 0%, exceeding the tolerance band, new government measures and lower core inflation should allow the central bank to continue waiting," ING said.
"Continued hesitation by the NBP would thus signal a dovish stance, contrasting with current hawkish market pricing that anticipates around 100bps of tightening. 3745 per euro at 0728 GMT. 1% rise. 7% expected in 2026, driven by consumption, European Union funds and investments, Finance Minister Andras Karman told a business conference on Wednesday.
4160. "With less inflation momentum, CNB (Czech National Bank) is expected to hike its rate in November, while NBP appears inclined to wait for projections and sit through the inflation overshoot if it could," Commerzbank noted. 39 per euro last week amid a political crisis. Late on Monday, President Nicusor Dan nominated diplomat Luca Niculescu as prime minister in his fourth attempt in five months to form a government and advance budget deficit-reduction efforts.
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