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Monetary Policy Council
Articles related to Monetary Policy Council
NBP Poised to Continue Easing as Inflation Nears Target
The National Bank of Poland (NBP) has repeatedly warned of upside risks to inflation over the medium term, but this has not prevented the central bank from cutting rates as inflation moderates. Rate-setters have cut rates at each policy meeting since July, and we expect another 25bp cut on 5 November
Poland’s Inflation Surprise Opens Door for September Rate Cut, but Fiscal Risks Loom
The decline in headline inflation to 2.8% YoY in August and further easing of core inflation would likely allow policymakers to cut rates by 25bp in September, but highly expansionary fiscal policy is expected to prompt a cautious approach ahead. Rate setters may pause in October and return to the rate cut discussion in November
Polish Inflation Slows to 3.1% in July on Energy Price Drop, Paving Way for NBP Rate Cuts
Polish headline inflation has been confirmed at 3.1% YoY in July, from 4.1% YoY in June, as the effect of the partial unfreeze of energy prices in mid-2024 died out. With inflation within the tolerance band of the National Bank of Poland's target (2.5%, +/- 1ppt), the central bank now has room to continue its monetary easing cycle
Poland's Solid Labour Market Spurs Spending Bounce Back: 2024 Economic Growth Prospects
Hungarian Inflation Dips into Single Digits: A Symbolic Victory with Challenges Ahead
A Surprisingly Aggressive Start to Poland's Easing Cycle Amidst Inflation Concerns
National Bank of Poland Meeting Preview: Anticipating a 25 Basis Point Rate Cut
Central and Eastern Europe Economic Outlook: Divergent Policy Responses Amidst Disappointing Activity
Poland's Inflation Expected to Reach Single Digits in August, but Disinflation to Slow Down
Improving Inflation Outlook in Poland Points to Rate Cuts, NBP President to Adopt Dovish Stance
Central and Eastern Europe: Disinflation, Rate Cuts, and Divergence in the Region
Falling Retail Sales in Poland Signal Weakness in Second Quarter Consumption"
Declining Industrial Activity and PPI in Poland Signal Potential Policy Easing
