Poland's inflation may be lower than expected in 2026 - central bank head
According to the latest projection by Poland's central bank NBP, the country's inflation may fall below the expected level next year, the bank's governor has said.
Adam Glapinski told a press conference on Thursday that the central bank's forecast had already accounted for the latest interest rate reduction.
"So, across the whole forecast horizon, more or less two years, inflation should remain in line with the NBP's target which stands at 2.5 percent plus-minus one percentage point," he added.
On Wednesday, the Monetary Policy Council (RPP), the Polish central bank's rate-setting body, lowered the reference interest rate by 25 basis points (bps) to 4.25 percent, in accordance with market expectations.
The RPP resumed the current easing cycle in May, cutting the reference rate by 50 bps to 5.25 percent. This was followed by four subsequent 25 bps cuts in July, September, October and most recently in November. (PAP)
jd/wpb/mf
