22:03 24 February 2026
Rate cut in March likely
Inflation is expected to remain below Poland’s 2.5% ±1 pp target in the near term and stay within the target range despite temporary statistical fluctuations, said Monetary Policy Council member Przemysław Litwiniuk. January inflation of 2.2% confirmed effective disinflation, while weaker wage growth and slightly higher unemployment support further monetary easing. He noted that a revised inflation basket could lower the projected path even more, strengthening the case for rate cuts. Energy tariffs are also below earlier assumptions, reducing inflation risks. Litwiniuk considers a rate cut in March likely, with another possible or even necessary if trends persist.
The reference rate could fall to around 3.5% in coming months.
