6:06 25 March 2026
Rate cut signals growth
The Monetary Policy Council cut the reference rate by 25 basis points to 3.75%, its first reduction since December, citing easing inflation and softer wage growth. January CPI slowed to 2.2% year-on-year, creating room for looser policy.
Backed by updated National Bank of Poland projections and the NECMOD model, policymakers expect GDP growth to reach 3.9% in 2026 without triggering price pressures. Inflation is forecast to remain near target, averaging 2.3–2.4% through 2028.
The decision also reflects improving economic momentum, with growth forecasts revised up from 2.9% and inflation expectations lowered from 3.4%.
Lower rates could stimulate credit and real estate activity. However, economists caution that geopolitical tensions in the Middle East pose supply-side risks. While current energy prices remain manageable, disruptions to infrastructure could still drive up transport and production costs, complicating the inflation outlook.
Source: propertynews.pl
