Poland’s Central Bank Chief Throws Easing Expectations Into 2026
- Glapinski, under Tusk’s scrutiny, hardens inflation stance
- Policymakers have kept benchmark rate at 5.75% since October
Adam Glapinski
Photographer: Piotr Malecki/BloombergThis article is for subscribers only.
Poland’s central bank chief hardened his stance on inflation, saying policymakers are unlikely to deliver an interest-rate cut until 2026 as they anticipate a return to price increases.
Governor Adam Glapinski has insisted that a jump in inflation driven by a government decision to partially lift energy price caps effectively rules out a reduction in the benchmark rate this year. As of June, he’d expressed hope that borrowing costs could fall in mid-2025.