Interest rate cuts not coming back before spring
16:10
Interest rate cuts are unlikely to return before March, according to Polish Central Bank (NBP) governor Adam Glapiński. He also announced that the NBP will continue to increase its gold reserves. Inflation is expected to fall to the target of below 3.5 percent by the end of 2025. However, for the rest of this year, inflation is likely to remain flat or even rise.
In addition, there is now significant uncertainty about the government's future fiscal policy following the recent elections. The new government will be formed in December 2023.
Meanwhile, politicians from the former opposition want to bring Glapiński before the Constitutional Court and thus dismiss him.
