Poland’s Central Bank Governor Sees Rate Cuts Coming Soon

Polish central bank Governor Adam Glapinski said policymakers may soon cut interest rates after adopting a “dovish” stance in a shock about-face that sent the zloty and Warsaw-listed stocks tumbling.

Speaking a day after the Monetary Policy Council left the benchmark at 5.75%, Glapinski said slower-than-expected inflation in the first quarter triggered a “radical shift” in policymakers’ outlook.