Our GDP Tracker suggests that growth in the Polish economy slowed to around 2.5% y/y in Q3 from 3.2% y/y in Q2. But it does at least look like the economy strengthened a touch towards the end of the third quarter and early signs suggest that growth may have picked up a little further this month. At the margin, these data might temper the views of some of the more dovish MPC members, although they won’t change the big picture which is that monetary policy will remain loose for the foreseeable future.
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