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Polish Zloty: Rate Hike Bets Vanish As Inflation Falls – Commerzbank Bitcoin World
The desk posits that the National Bank of Poland's (NBP) decision to maintain interest rates at 3.75% reflects a cautious approach to current economic conditions, as highlighted by their recent inflation forecast adjustments. Per the full note [source], despite low inflation readings allowing for a softer tone, rising oil prices could pressure future monetary policy decisions and thereby impact the zloty's performance. Projections for an increase in inflation in 2027 suggest potential medium-term pressures that traders should monitor closely, particularly as the zloty might face renewed selling pressure from a dovish stance. With no major calendar events affecting Poland's monetary policy anticipated in the near term, traders should remain vigilant of global market movements and oil price trends.