Following a larger-than-expected interest rate cut in Poland earlier today, Governor Belkaunderstandably maintained an extremely dovish stance at this afternoon’s post-meeting press conference. At the same time, however, he suggested that today’s move didn’t mark the start of a lengthy easing cycle. Next month’s Inflation Report looks set to determine whether we see further rate cuts. Either way, the key point is that monetary policy will remain extremely loose over the coming years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.