Intelligence Feed event · Macro · 2026-07-11

    National Bank of Poland holds policy rate at 3.75% as inflation returns to target midpoint

    Question

    National Bank of Poland holds policy rate at 3.75% as inflation returns to target midpoint

    Direct answer

    PLN interest-rate expectations and short-end Polish government bonds (e.g., 2Y POLGB) remain anchored, while higher energy-cost assumptions add modest steepening pressure to the POLGB 10Y-2Y curve and could weigh on WIG20 constituents sensitive to fuel prices.

    Original publisher
    Market Ontology
    Evidence through
    2026-07-11
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “National Bank of Poland holds policy rate at 3.75% as inflation returns to target midpoint”, revision 1, evidence through 2026-07-11. https://marketontology.com/market-events/2026-07-11/national-bank-of-poland-holds-policy-rate-at-3-75-as-inflation-returns-to-target-d8653d

    MACRO
    National Bank of Poland holds policy rate at 3.75% as inflation returns to target midpoint
    PLN interest-rate expectations and short-end Polish government bonds (e.g., 2Y POLGB) remain anchored, while higher energy-cost assumptions add modest steepening pressure to the POLGB 10Y-2Y curve and could weigh on WIG20 constituents sensitive to fuel prices.
    PLNUSDPOLGB 2YPOLGB 10YWIG20
    Impact
    55
    JUL 11
    SIG
    PLNUSDPOLGB 2YPOLGB 10Y
    National Bank of Poland holds policy rate at 3.75% as inflation returns to target midpoint
    PLN interest-rate expectations and short-end Polish government bonds (e.g., 2Y POLGB) remain anchored, while higher energy-cost assumptions add modest steepening pressure to the POLGB 10Y-2Y curve and could weigh on WIG20 constituents sensitive to fuel prices.
    Impact
    PLN interest-rate expectations and short-end Polish government bonds (e.g., 2Y POLGB) remain anchored, while higher energy-cost assumptions add modest steepening pressure to the POLGB 10Y-2Y curve and could weigh on WIG20 constituents sensitive to fuel prices.
    Affected
    PLNUSDPOLGB 2YPOLGB 10YWIG20
    Source facts

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

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    Sources

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