Polish central bank still is likely to cut interest rates: Danske Bank

Quotes from Danske Bank:

-The Polish central bank (NBP) continues to significantly undershoot its 2½% inflation target and we are likely to see continued deflation in the coming months.

-So while we expect a pick- up in Polish growth the NBP still is likely to cut interest rates in response to the continued deflationary pressures.

-Furthermore, the rebound in the zloty over the past month certainly is also an argument for rate cuts. That said, we do not expect aggressive monetary easing.