Polish Central Bank Warns on Prices in Blow for Rate Cut Hopes

Poland’s central bank left interest rates unchanged and published new inflation forecasts showing faster price growth next year in a sign that monetary policy will remain on hold for longer.

The Monetary Policy Council kept its benchmark at 5.75% on Wednesday, in line with the forecasts of all 33 economists surveyed by Bloomberg. The central bank’s three-times-a-year projections showed inflation risks accelerating in 2026 and the consumer price index staying above target this year.