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Forex Flash: NBP to cut rate by 25bp today – TD Securities

By FXstreet.com,  January 09, 2013, 03:54:00 AM EDT

FXstreet.com (Barcelona) - The Narodowy Bank Polski will announce its monetary policy decision today and everyone is on board to the idea that the MPC will deliver a 25bp cut in the reference rate: "Our expectations are in line with a unanimous market view; the move was signalled in the last meeting and chances for a larger adjustment appear small", wrote analyst Alvin Pontoh. "As we believe that rates are nearing levels seen by some MPC members as the limits of the easing, the NBP may deliver a more neutral message", Pontoh added, pointing to the growing divisions within the MPC as reason for a potential cautious approach to rate cuts, leading to a pause in February.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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