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POLAND: NBP Wnorowski Says 2025 Rate Cuts Still Possible

POLAND
PolandCEEMEAEM BulletBulletEmerging Market News
  • "*POLISH 2025 RATE CUTS STILL POSSIBLE, BUT NOT IN 1Q: WNOROWSKI"
  • "*PAP NEWSWIRE CITES POLISH MPC MEMBER WNOROWSKI AS SAYING" (BBG)
  • Back on December 30 - Wnorowski outlined that markets should not expect very significant changes in rates policy for next year, when taking loose fiscal policy into account. He sees a "very serious" discussion on rate cuts from the March meeting onwards, at which the NBP will be aided by fresh inflation projections.
  • We highlighted earlier that NBP's Joanna Tyrowicz told Puls Biznesu that any discussion about cutting interest rates in March would be premature because it would still be before the release of wage data for 1Q2025.
  • This all follows NBP Governor Adam Glapinski's rhetoric at his latest press conference on Friday turning even more hawkish than before. Our review is here https://mni.marketnews.com/42qM9d7

 

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  • "*POLISH 2025 RATE CUTS STILL POSSIBLE, BUT NOT IN 1Q: WNOROWSKI"
  • "*PAP NEWSWIRE CITES POLISH MPC MEMBER WNOROWSKI AS SAYING" (BBG)
  • Back on December 30 - Wnorowski outlined that markets should not expect very significant changes in rates policy for next year, when taking loose fiscal policy into account. He sees a "very serious" discussion on rate cuts from the March meeting onwards, at which the NBP will be aided by fresh inflation projections.
  • We highlighted earlier that NBP's Joanna Tyrowicz told Puls Biznesu that any discussion about cutting interest rates in March would be premature because it would still be before the release of wage data for 1Q2025.
  • This all follows NBP Governor Adam Glapinski's rhetoric at his latest press conference on Friday turning even more hawkish than before. Our review is here https://mni.marketnews.com/42qM9d7