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MNI NBP WATCH: CPI, Core Point To First Cut In Q2 2025

The National Bank of Poland will decide on interest rates this week.

MNI (LONDON) - The National Bank of Poland is expected to leave key interest rates unchanged on Wednesday, with the recent uptick in annual inflation adding weight to Governor Adam Glapinksi’s October assertion that easing will likely begin in Q2 2025. (See MNI EM NBP WATCH: Rates Held As Energy, Wages Push Up Prices)

Until then, the NBPs policy rate looks set to stay at 5.75%. Headline inflation accelerated from 4.3% in August to 4.9% in September and 5.0% in October, driven by food and fuel prices, as expansionary fiscal policy and recent zloty weakness add to existing upward price pressures.

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MNI (LONDON) - The National Bank of Poland is expected to leave key interest rates unchanged on Wednesday, with the recent uptick in annual inflation adding weight to Governor Adam Glapinksi’s October assertion that easing will likely begin in Q2 2025. (See MNI EM NBP WATCH: Rates Held As Energy, Wages Push Up Prices)

Until then, the NBPs policy rate looks set to stay at 5.75%. Headline inflation accelerated from 4.3% in August to 4.9% in September and 5.0% in October, driven by food and fuel prices, as expansionary fiscal policy and recent zloty weakness add to existing upward price pressures.

Keep reading...Show less