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National Bank of Poland: Policy on extended hold – ING

Reported · Written up by our desk · Major Pairs

ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep its reference rate at 3.75% on 4 November and then leave rates unchanged through the end of 2026. Their core inflation model shows contained pressures, with limited wage-driven second-round effects.

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