15:12 9 September 2024
NBP President: inflation target return project for 2026
Adam Glapiński, President of the National Bank of Poland (NBP), announced that inflation will return to target levels in 2026. The central bank currently keeps the reference rate at 5.75%, unchanged since October 2023. Glapiński emphasized that significant interest rate cuts are unlikely until inflation decreases. He also noted that inflation may rise to around 5% by the end of 2024, driven by higher energy costs, with further inflationary pressure expected in early 2025. However, inflation should gradually decrease afterward, potentially reaching the 2.5% target by late 2026.
Rising wages are also a concern, as they could fuel inflation if not managed carefully.
