Interest rate cuts will occur 'possibly' in Q4 – Masłowska, MPC

An interest rate cut will occur 'possibly' in the fourth quarter of this year if the Monetary Policy Council (MPC) is confident that inflation is "under control" and moving toward the inflation target in the medium term, according to MPC member Gabriela Masłowska. In her view, it is too early to discuss rate cuts at this time.

"The process of lowering inflation will continue, and it may be possible to lower rates in the last quarter of this year, which will bring relief to indebted borrowers and support economic growth. However, this will only be possible once we are sure that inflation is under control and falling towards the NBP's inflation target," Maslowska told Gazeta Pomorska.

She noted that the process of reducing inflation, including core inflation, will continue in the coming months and quarters.

Source: ISB News