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Poland’s central bank brings hiking cycle to an end

The National Bank of Poland (NBP) slowed down the pace of its tightening cycle again today with a 25bp rate hike to 6.75%. There was no new guidance in the communications in terms of the central bank’s next move, but with policymakers seemingly more concerned about the deteriorating economic outlook than sky-high inflation, we think this marks the end of the tightening cycle.

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