Central Banks
Polish Policymakers Cast Doubt on Central Bank Chief’s 2026 Bet
- Glapinski threw rate-cut expectations into 2026 from next year
- Policymakers still see discussion on easing next year
Adam Glapinski
Source: Narodowy Bank PolskiThis article is for subscribers only.
Several Polish central bankers said they could begin weighing an interest-rate cut next year as inflation subsides, brushing aside Governor Adam Glapinski’s unexpected bid to stretch easing expectations into 2026.
The National Bank of Poland chief upended forecasts last week, saying that a government decision to partially lift energy price caps will push any talk of cutting rates into 2026. Interviews with policymakers show that Glapinski’s long-term projection may not prevail.