The Polish Central Bank Reduced Interest Rates by 25 Basis Points.

Interest Rate Cut by the National Bank of Poland

Poland, after inflation decreased to its lowest level since mid-2024, the National Bank of Poland (NBP) lowered the policy interest rate by 25 basis points to 4.25%.

This Year's Fifth Interest Rate Cut

This reduction marks the fifth interest rate cut by the NBP throughout 2023. Thus, it has been noted that the bank has cut rates by a total of 150 basis points.

Economists' Expectations

Among the 31 economists participating in a Bloomberg survey, 24 expressed expectations for an interest rate cut, while the remaining 7 economists predicted that the rate would remain unchanged.