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POLAND: NBP's Wnorowski Says Rate Cut Discussions May Be Possible After March

POLAND
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Henryk Wnorowski said that inflation could peak at the beginning of 2025 before slowing down. Comments below via Reuters:

  • "As for the beginning of next year, I do not expect the inflation impulse to be measured in full percentage points" the MPC member said.
  • "This should be an inflation 'peak' and unless some unexpected, new premises appear again, inflation should start moving towards the target."
  • "So if the (inflation) projection confirms the durability of the vision I presented, then after March (the publication of the projection) it will be possible to start discussions on interest rate cuts."
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Henryk Wnorowski said that inflation could peak at the beginning of 2025 before slowing down. Comments below via Reuters:

  • "As for the beginning of next year, I do not expect the inflation impulse to be measured in full percentage points" the MPC member said.
  • "This should be an inflation 'peak' and unless some unexpected, new premises appear again, inflation should start moving towards the target."
  • "So if the (inflation) projection confirms the durability of the vision I presented, then after March (the publication of the projection) it will be possible to start discussions on interest rate cuts."