22:18 21 April 2025
MPC is ready to cut interest rates as early as Tuesday
The market and most economists expect the Polish Monetary Policy Council (RPP) to cut interest rates in May 2025, possibly by 50 basis points. This belief is supported by earlier comments from NBP President Adam Glapiński, who said rate cuts depend on slowing wage growth. Recent data shows wage growth is easing, meeting this condition. However, uncertainty remains about the size of the cut—estimates range from 25 to 50 basis points.
Falling inflation, lower energy prices, a weaker dollar, and global economic risks further support a rate cut. RPP’s decision is also influenced by rate-cut trends in Europe and the potential deflationary impact of Chinese exports redirected from the U.S. market.
(pb.pl)
