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Poland: NBP delivers 75bp rate cut

Tue, Jan 27 2009, 15:47 GMT
by Stanislava Pravdova, Lars Christensen

Danske Bank A/S


The Polish central bank (NBP) today cut its key policy rate by 75bp to 4.25%. The decision to cut by 75bp was slightly more aggressive than the consensus expectation and our expectation of 50bp. However, the market reaction should be rather limited as it clearly has been priced for a more aggressive cut than the consensus expectation.

Published on  Tue, Jan 27 2009, 15:49 GMT

Danske Bank  | Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com

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This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

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