A survey of 34 economists shows the Polish central bank's MPC is expected on Wednesday to keep the benchmark rate at 3.75% (unchanged since March) as fuel-driven inflation approaches the bank's upper tolerance. The Middle East conflict has tightened global oil and gas supply, and the government allowed a fuel-price cap to lapse to shore up a weak budget. PKO Bank economists say Governor Glapinski is likely to withdraw prior talk of near-term easing and signal rates will remain higher for longer,

A survey of 34 economists shows the Polish central bank's MPC is expected on Wednesday to keep the benchmark rate at 3.75% (unchanged since March) as fuel-driven inflation approaches the bank's upper tolerance. The Middle East conflict has tightened global oil and gas supply, and the government allowed a fuel-price cap to lapse to shore up a weak budget. PKO Bank economists say Governor Glapinski is likely to withdraw prior talk of near-term easing and signal rates will remain higher for longer, which should suppress market expectations of further rate increases.