National Bank of Poland’s governor says the current level of interest rates is adequate
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POLAND: The current level of interest rates is sufficiently high to stabilise inflation, and the risk of rate hikes has declined, according to National Bank of Poland Governor Adam Glapinski. A holding pattern is now the most likely scenario. Our baseline scenario continues to as
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4 itemsNational Bank of Poland's governor says the current level of interest rates is adequate
Polish rates on hold as policymakers stay cautious amid rising geopolitical risks
The desk interprets the National Bank of Poland's decision to keep rates on hold as a reflection of cautious policymaking amid rising geopolitical tensions and persistent inflation. Per the full note [source], the Monetary Policy Council's wait-and-see approach suggests that rates may remain unchanged until at least July, with inflation pressures driven by higher core metrics. This aligns with our view that the central bank is prioritizing stability in uncertain times, particularly given the lack of high-impact events on the calendar. Overall, the consensus among analysts indicates a similar outlook, with expectations for rates to stabilize in the near term.