Poland's Central Bank Keeps Interest Rates Unchanged
The NBP said in a statement that the two-day meeting of the Monetary Policy Council (RPP) concluded, during which the RPP decided to keep the reference rate at 5.75 percent, while the Lombard rate and deposit rate were maintained at 6.25 percent and 5.25 percent, respectively.
"This level is still comparable to other countries in the central and eastern European region. The RPP will cut interest rates later than other central banks in the region," the Polish Economic Institute (PIE) said on social media.
However, the PIE pointed out that the RPP's decisions are "starting to be conservative against the background of global monetary policy, as major central banks will continue their easing cycles to counteract the slowdown."
"We can hibernate like this until March next year. We are still betting on mid-year as the first moment of cuts," mBank said on social media.
Poland's most recent interest rate cut took place in October 2023, with a reduction of 0.25 percentage points.
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