13:15 20 December 2025
WSE near historic highs at end of year
Investor sentiment is very strong at year-end, with Poland’s WIG20 holding above 3,100 points and nearing record highs, while the broad WIG index exceeds 115,000 points. U.S. markets are also elevated, reflecting global optimism. Investors are debating whether this marks a classic Santa Claus rally or a more durable trend driven by central bank policy. Recent interest rate cuts by Poland’s Monetary Policy Council and the U.S. Federal Reserve have clearly shifted monetary policy toward easing, boosting the attractiveness of equities.
Lower-than-expected U.S. inflation has reinforced expectations of further rate cuts and a soft economic landing. Together, easing policy, declining inflation, and solid economic conditions suggest the rally may extend into 2026, potentially signaling a broader bull market in Europe and the U.S.
