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Bank Pekao SAJuly is earliest possible date for rate cut by Polish MPC - Pekao (opinion)
Economists at listed lender Bank Pekao see July 2025 as the earliest possible date for interest rate cut in Poland, with a potential total reduction of 100 basis points by year-end.
"The publication and administrative decision calendar makes July the earliest moment when rates can be cut. We expect interest rates to fall by a total of 100 bps in 2025," Pekao said in a report.
The economists believe Poland's central bank NBP wants more information before deciding on rate cut, including data on wage growth, core inflation, energy price freezes, and fiscal policy direction.
They also noted the NBP's hawkish assessment of the inflation path.
pat/ nl/ jz/