NBP plans to reach the inflation target by the end of 2025

The November projection of the National Bank of Poland (NBP) indicates that the NBP's inflation target of 2.5% +/- 1 percentage point will only be achieved at the end of 2025, the central bank head Adam Glapiński said.

"This projection reveals that inflation in Poland will continue to decline, although its further decrease, as we previously predicted in the projections, will be slower than before," he added. According to the inflation projection, there is a 50% probability that inflation will be in the range of 11.3-11.5% in 2023 (compared to 11.1-12.7% in the July 2023 projection) and 3.2-6.2% in 2024 (compared to 3.7-6.8%).