National Bank of Poland to stand pat

It is broadly expected by market participants that National Bank of Poland would remain on hold today.

"We expect no change in rate or language from NBP today: we expect further rate cuts in Poland next year", says Commerzbank in a research note.

However, there will be replacement for most of the MPC members during first quarter of 2016. Current MPC maker's remarks during its remaining months would not be of much use.