Geopolitics Alpha

National Bank of Poland holds rates despite higher 2027 inflation forecast

Published . Updated .

Key takeaways

  • NBP sees high inflation in 2027 but refrained from a rate hike in November
  • Exposed: EPOL, CEW, EMB, EMLC, EEM
  • Market reaction: EPOL +3.2% on the day (still updating); EEM +1.1% on the day (still updating); EMB +1.0% on the day (still updating)

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National Bank of Poland holds rates despite higher 2027 inflation forecast

NBP sees high inflation in 2027 but refrained from a rate hike in November

Directly affected

  • No company is named in this report.

Indirectly affected

  • EPOL iShares MSCI Poland ETF

    iShares MSCI Poland ETF holds stocks listed in Poland, which this story is about (“poland”).

  • CEW WisdomTree Emerging Currency Strategy Fund

    WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Poland.

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 9d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Poland

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Poland.

  • EEM iShares MSCI Emerging Markets ETF+0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Poland

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EPOL+3.54%+1.71%base+3.22%after closeafter closeafter close
CEW+0.00%+0.00%baseafter closeafter closeafter closeafter close
EMB+0.26%+0.57%base+0.96%after closeafter closeafter close
EMLC+0.63%+0.43%base+0.96%after closeafter closeafter close
EEM+3.96%-0.13%base+1.11%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

National Bank of Poland holds rates despite higher 2027 inflation forecast ing think

Source: ing think

How far Ishares Tr (EPOL) has moved since 4 Nov 2026

CompanyWhenMoveStatus
Wisdomtree Tr (CEW)three days earlier0.00%final price
Wisdomtree Tr (CEW)five days earlier0.00%final price
Ishares Tr (EEM)that day+1.11%still updating
Ishares Tr (EEM)three days earlier-0.13%final price
Ishares Tr (EEM)five days earlier+3.96%final price
Ishares Tr (EMB)that day+0.96%still updating
Ishares Tr (EMB)three days earlier+0.57%final price
Ishares Tr (EMB)five days earlier+0.26%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)that day+0.96%still updating
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.43%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier+0.63%final price
Ishares Tr (EPOL)that day+3.22%still updating
Ishares Tr (EPOL)three days earlier+1.71%final price
Ishares Tr (EPOL)five days earlier+3.54%final price

Who gains and who loses around Ishares Tr (EPOL)

Companies mentioned with this story

  • EPOL Ishares Tr

    Ishares Tr (EPOL) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “National Bank of Poland holds rates despite higher 2027 inflation forecast.” Reason on file: iShares MSCI Poland ETF holds stocks listed in Poland, which this story is about (“poland”)

  • CEW Wisdomtree Tr

    For “National Bank of Poland holds rates despite higher 2027 inflation forecast,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Poland

  • EMB Ishares Tr

    For “National Bank of Poland holds rates despite higher 2027 inflation forecast,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Poland

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    For “National Bank of Poland holds rates despite higher 2027 inflation forecast,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Poland

  • EEM Ishares Tr

    Ishares Tr (EEM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “National Bank of Poland holds rates despite higher 2027 inflation forecast.” Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Poland

Ishares Tr (EPOL)

“National Bank of Poland holds rates despite higher 2027 inflation forecast” (4 Nov 2026) reaches Ishares Tr (EPOL) through this story.

For Ishares Tr (EPOL), the reason on file says iShares MSCI Poland ETF holds stocks listed in Poland, which this story is about (“poland”)

Wisdomtree Tr (CEW) is here too. Its reason reads: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Poland

Price levels for Ishares Tr (EPOL)

EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26.

How strong the case is around Ishares Tr (EPOL)

40 out of 100Price not final

“National Bank of Poland holds rates despite higher 2027 inflation forecast” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.