Polish Zloty: Policy on hold as inflation stays near band – ING

ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep its policy rate at 3.75% at the 7 October Monetary Policy Committee (MPC) meeting. They see November as the earliest point for any change, with fresh projections available, and currently anticipate two 25bp rate hikes in the first quarter of 2027 as inflation risks persist.