US EditionA Possible Turnaround on Interest Rates. Monetary Policy Council Decision Today.
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The Monetary Policy Council cut interest rates by 0.25 percentage points on Wednesday, including the main reference rate to 4.25% annually, according to a statement from the National Bank of Poland. This was the fifth interest rate cut this year.
Borrowers are awaiting today's decision by the Monetary Policy Council, which will determine the future direction of monetary policy in Poland. Analysts predict that further interest rate cuts are possible.
Just last week, it seemed the Monetary Policy Council might leave interest rates unchanged in November. However, following last week's publication by the Central Statistical Office on price growth, the chances of further cuts this year are increasing, according to analysts from major banks. The final decision by Adam Glapiński and company should be announced on Wednesday afternoon, but falling inflation raises hopes for a fifth cut this year.
The US central bank cut rates again (and for the second time in a row) at the end of October; the main one fell to the range of 3.75-4%. Is this a necessary "fine-tuning" of monetary policy justified by the state of the economy? Or is it a libation to Donald Trump, who has been pushing quite indiscriminately for months...
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