Central Banks
Poland Can’t Rule Out Rate Change Talk Before 2026, Glapinski Says
- Glapinski hints that rate cut may come earlier than expected
- Foreign economies are now key to Polish rate decisions
Adam Glapinski
Photographer: Piotr Malecki/BloombergThis article is for subscribers only.
Poland can’t rule out a discussion on the monetary policy adjustment before 2026 if there’s certainty about a permanent decline of inflation toward the central bank’s target, according to the National Bank of Poland Governor Adam Glapinski.
The comments to the PAP newswire come after Glapinski’s statement last month that the country’s Monetary Policy Council which he also heads is unlikely to deliver a cut before 2026, citing uncertainty about inflation forecasts. All the rate-setting panel’s decisions will depend on incoming data, he added. The zloty weakened 0.3% to 4.2809 against the euro.