Poland may need rate hike in November, central banker says

According to Business Recorder, citing the PAP news agency, Polish central banker Ludwik Kotecki said a 25 basis point rate hike would be needed in November if inflation projections do not bring CPI close to 2.5% by late 2027 or early 2028.

His comments followed the bank's Wednesday decision to hold its benchmark at 3.75%, even as inflation climbed to 4.0% year on year in September. The bank said future moves would hinge on the price outlook and outside influences, particularly commodity costs.

The same report pointed to firmer trading in Polish currencies and stocks, with the central bank seen holding rates steady. The report does not name any company or sector linked to Pakistan. Its relevance for PSX investors is therefore indirect.