20:51 13 April 2026
MPC: probability of lowering rates decreased significantly
Members of the Rada Polityki Pieniężnej (RPP) said the outbreak of conflict in the Middle East has significantly reduced the likelihood of further interest rate cuts in the coming months, despite falling inflation and slower wage growth.
Although the Narodowy Bank Polski (NBP) cut rates by 25 bp to 3.75% in March, uncertainty around energy prices and inflation has increased. Higher commodity prices could push inflation up in the short term while weakening economic growth.
Some policymakers suggest rates may remain unchanged or are already too low. A high public deficit also limits room for easing. Future decisions will depend on incoming data on inflation and economic activity.
(pb.pl)
