NBP's Zarzecki says it is more likely to pause or even hike rates rather than cut them; inflation may temporarily breach the upper limit of its inflation target of 3.5%

Zarzecki's comments suggest a hawkish tilt from the NBP, indicating a likelihood of either pausing or raising rates rather than cutting them. This stance reflects concerns about inflation potentially exceeding the target upper limit, which could complicate the monetary policy outlook and influence PLN dynamics and broader regional rates.