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POLAND: NBP's Duda Says Rate Cuts Could Be Discussed In March At Earliest

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • MPC's Iwona Duda told Gazeta Bankowa the central bank may start discussing interest-rate cuts in March at the earliest, which will coincide with the release of the official inflation projection, which will account for the impact of higher administered energy prices. Duda admitted that MPC members have different views on when to start easing monetary policy, noting that "it could be the second quarter, maybe the second half of 2025."
  • Climate and Environment Minister Paulina Hennig-Kloska told Gazeta Wyborcza that measures aiming to freeze energy prices must be gradually phased out. She added that wholesale electricity prices in Poland are relatively high compared to other EU countries, so there is still much room for price cuts.
  • Poland's October S&P Global Manufacturing PMI will cross the wires at the top of the hour. Consensus looks for a repeat of the September reading of 48.6.
  • The NBP will conclude its monetary policy meeting on Wednesday and is expected to keep interest rates on hold. The decision will be accompanied by a new macroeconomic projection.
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  • MPC's Iwona Duda told Gazeta Bankowa the central bank may start discussing interest-rate cuts in March at the earliest, which will coincide with the release of the official inflation projection, which will account for the impact of higher administered energy prices. Duda admitted that MPC members have different views on when to start easing monetary policy, noting that "it could be the second quarter, maybe the second half of 2025."
  • Climate and Environment Minister Paulina Hennig-Kloska told Gazeta Wyborcza that measures aiming to freeze energy prices must be gradually phased out. She added that wholesale electricity prices in Poland are relatively high compared to other EU countries, so there is still much room for price cuts.
  • Poland's October S&P Global Manufacturing PMI will cross the wires at the top of the hour. Consensus looks for a repeat of the September reading of 48.6.
  • The NBP will conclude its monetary policy meeting on Wednesday and is expected to keep interest rates on hold. The decision will be accompanied by a new macroeconomic projection.