Poland's MPC may start cutting rates in Q2 2025, says c. bank governor
It appears that the Monetary Policy Council will cut interest rates in the second quarter of 2025, Poland's central bank NBP governor Adam Glapinski assessed at the press conference following a Monetary Policy Council's decision on interest rates made on Wednesday.
"At the moment it looks like we will possibly be lowering [rates] after March, after the first or second quarter of next year. And let's hope for some kind of positive miracle that could make it happen sooner, but we don't see what would happen so far," Glapinski said.
Earlier, he indicated that he had softened his stance due to developments in the economy and lower risks to the inflation path.
pat/ tus/ ao/