6:27 28 August 2026
Rate setters flag inflation risks in minutes
Poland’s Monetary Policy Council saw moderate wage and inflation pressures but also continued uncertainty over global commodity prices and future domestic fiscal policy, according to July meeting minutes reported on Thursday. Most members considered unchanged interest rates appropriate at that meeting. The central bank’s July projection put inflation within its target range over the forecast horizon, although higher fuel taxes and energy prices could temporarily lift consumer price growth in coming months.
Council members expected inflation to decline from early 2027 and approach 2.5% in the second half of that year. Investment was expected to support relatively strong economic growth in 2026 before slower investment expansion brought growth toward 3%. Members also highlighted uncertainty surrounding the future ETS2 emissions system, the budget deficit and global commodity markets. Further policy decisions would depend on incoming information about inflation and economic activity.
Source: bankier.pl
