Societe Generale analysts expect the National Bank of Poland (NBP) to keep its policy rate unchanged at 3.75%, with a status quo stance likely through the second half of 2026 and early 2027. Inflation is currently within target, while growth has improved.
Brown Brothers Harriman’s (BBH) Elias Haddad expects the National Bank of Poland (NBP) to keep its policy rate at 3.75% and sees its easing cycle as effectively over.
BNY’s Bob Savage highlights that South American equities are being driven by commodity inflows, with energy holdings sharply above historical averages as investors use the region as a hedge against war-related supply shocks.