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National Bank of Poland to keep bank rate on hold

Poland's growth has improved, inflation has increased (though it remains below zero and thus far below the target), and the PLN has depreciated due to Greek-related market concerns. 

"As a result, the next move by the new NBP council will most likely be a rate hike and no change of rates is likely until the next MPC board takes over and inflation reaches well into the 1.5-3.5% target range. The NBP is expected to stay on hold at 1.5% next week", according to Barclays. 

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