Finance Minister welcomes NBP’s shift toward interest rate cuts

Finance Minister Andrzej Domański expressed approval of National Bank of Poland (NBP) President Adam Glapiński’s softened stance on interest rates, calling it a "dovish turn." Speaking on TVN, Domański noted that Poland’s inflation has dropped below expectations, including core inflation, which the Monetary Policy Council closely monitors.

Lower interest rates, he emphasized, would boost investment and benefit households with existing or planned loans.

Glapiński suggested that in 2025, Poland could see two 0.5 percentage point rate cuts, with rates potentially falling to 3.5% in 2026.