Central Banks
Poland to Hold Rates Unchanged as Inflation Dip Seen Temporary
- Central bank has kept benchmark at 5.75% since October 2023
- Policymakers expect to start talks on lowering rates in March
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Poland extended its pause on interest rates to more than a year as policymakers look past a recent decline in inflation and weakening economic growth for a clear outlook to emerge.
The Monetary Policy Council kept its benchmark at 5.75% on Wednesday, in line with the forecasts of all 31 economists surveyed by Bloomberg. While headline inflation decelerated for the first time in eight months in November, declining to 4.6% year-on-year, the central bank expects price growth to peak at between 5.3% and 6.6% in the first quarter of 2025.