Poland’s Central Bank Governor Sees Rate Cuts Coming Soon

Polish Central Bank Chief Stumps Markets With Rate Cut Pivot

(Bloomberg) — Polish central banker Adam Glapinski has an all-or-nothing style that’s hard to grasp for financial markets. A week after insisting there were no grounds for monetary easing, the governor said that he may personally file a motion to cut interest rates as soon as May.

Poland’s Central Bank Governor Sees Rate Cuts Coming Soon

Polish central bank Governor Adam Glapinski said policymakers may soon cut interest rates after adopting a “dovish” stance in a shock about-face that sent the zloty and Warsaw-listed stocks tumbling.

The majority of the Monetary Policy Council members have changed their stance on monetary policy, said Adam Glapiński, President of the National Bank of Poland, during a press conference.

The National Bank of Ukraine (NBU) has lowered the Polish zloty to hryvnia exchange rate. The zloty has fallen after hitting a historic high the day before. This was reported by RBC-Ukraine, citing data on the regulator's website. The official exchange rate for April 7, 2025, is set at the following level: UAH 10.7023 per zloty (-UAH 0.2274). bank.gov.ua On the cash market, exchange offices buy zloty for an average of UAH 10.70 and sell it for U…

"If there is no signal from the government (...) but this electricity does not start (...) then I do not rule out that I will submit a motion to reduce interest rates."

The President of the National Bank of Poland claims that inflation will decrease and there will be room to lower interest rates. Adam Glapiński emphasized that the Monetary Policy Council received optimistic data, but it must confirm it in the next period in order to take specific actions.