ING: NBP to Hold Rates at 3.75% Through Year-End, Weighing on PLN

ING analyst Frantisek Taborsky projects that the National Bank of Poland (NBP) will maintain its key interest rate at 3.75% until the end of the year. The forecast suggests that any rate cuts will be postponed until policymakers gain sufficient confidence in the economic outlook.

The dovish stance is seen as a negative factor for the Polish zloty (PLN), as delayed easing keeps the currency under pressure relative to major peers. Taborsky's assessment aligns with market expectations of a prolonged pause by the NBP amid lingering inflation concerns.