11:30 15 February 2025
January Inflation Surge May Delay Rate Cuts
A rise in consumer inflation (CPI) to 5.3 percent y/y in January may postpone interest rate cuts, according to Erste Group. The bank predicts inflation peaks of 5.5 percent in March and June, followed by a decline below 5 percent in the second half of the year.
“We expect the National Bank of Poland (NBP) to consider this data when deciding on monetary policy,” Erste Group stated.
According to Statistics Poland (GUS), prices rose 1 percent m/m, exceeding market expectations. The Monetary Policy Council (RPP) has kept the reference rate at 5.75 percent after a 100-basis-point cut in 2023. A revised inflation basket will be published on March 14.
(ISBnews)
