Next Rate Cuts Likely in Summer or Autumn
13:27
After the May rate cut to 5.25 percent, analysts from Pekao and mBank expect further reductions later this year, most likely in July or autumn. Despite earlier speculation about a June cut, NBP President Adam Glapiński emphasized a cautious approach, stating the move was not the start of a cutting cycle and that the Council is in “wait and see” mode.
Pekao maintains its forecast of a 100 bp cut in total for 2025, calling market expectations of 200 bp “absurd.” mBank also sees July or autumn as more probable, though it doesn’t rule out a 25 bp cut in June.
Borrowers hoping for quick relief may have to wait.
