MARKET TALK: Inflation Data Decisive For NBP -Commerzbank

Commerzbank says Poland's inflation reading is decisive for the central bank. Says, "Should inflation not ease below 4%, the hawks are likely to gain the upper hand in the MPC." Notes PLN will struggle to make notable ground after NBP Governor Belka stopped speculation about an imminent rate rise Tuesday. "Belka would rather raise rates too late than too early to be completely certain that this was the right move," notes Commerzbank. EUR/PLN currently trades at 4.1510 compared with 4.1428 late Tuesday in New York.