Quotes from Danske Bank Markets:- At its Monetary Policy Council meeting (RPP) today, the Polish central bank (NBP) in a fairly surprising move decided to cut interest rates more than expected. It cut the key policy rate by 50bp bringing it down to 2.00%. – We think that more easing is needed and we expect the NBP to ease monetary policy further in the coming months. – However, given the larger rate cut today, the NBP might take a breather before it cuts again. Hence, the NBP might pause in November but it might deliver 25bp in December and more next year.
The material has been provided by InstaForex Company – www.instaforex.com