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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Poland's inflation report will be published next Monday (13 July).
The NBP increased its inflation projections for 2015-2017, as expected. The bank expects, a 50% probability that annual CPI growth will be in the range of -1.1% to -0.4% in 2015 (compared to -1.0% to 0.0% in the March 2015 projection), 0.7% to 2.5% in 2016 (compared to -0.1% to 1.8%) and 0.5% to 2.6% in 2017 (compared to 0.1% to 2.2%), notes Societe Generale.
The NBP also increased its forecasts for annual GDP growth in 2015 and 2016 and decreased its GDP projection for 2017. According to the new projections, there is a 50% probability that annual GDP growth will be in the range of 3.0% to 4.3% in 2015 (compared to 2.7% to 4.2% in the March 2015 projection), 2.3% to 4.5% in 2016 (compared to 2.2% to 4.4%) and 2.5% to 4.7% in 2017 (compared to 2.4% to 4.6%), adds SocGen.
According to Societe Generale, Poland's inflation report will reassure investors that the MPC is not considering further rate cuts.
