Central Banks
Poland to Consider Gradual Easing Only in 2025, Policymaker Says
- Rate-setter Iwona Duda says inflation risks remain this year
- Current rate level ‘adequate,’ Duda says, ruling out hikes
The National Bank of Poland in Warsaw.
Photographer: Damian Lemanski/BloombergThis article is for subscribers only.
Poland’s central bank will maintain its benchmark rate this year as inflation risks linger and only consider gradual easing in 2025, according to a member of the nation’s rate-setting panel.
Iwona Duda, who sits on the central bank’s Monetary Policy Council, said policymakers will only begin discussing rate cuts at the end of the year. The central bank’s 5.75% rate is “adequate” for now — and any hasty move away from restrictive policy would pose risks, she said.