The panel last month trimmed key interest rates by 50 basis points, in the first change to the country's interest rate regime since October 2023, amid signs of subsiding inflation.
Poland's central bank chief, Adam Glapiński, said in early May that the move was justified by signs of weakening wage pressure and a cooling economy.
He told a news conference at the time that the latest rate cut was a one-off adjustment, not the beginning of a broader cycle of monetary easing.
The Polish central bank predicted in its latest Inflation Report, released on March 14, that inflation would average at 4.9 percent in 2025, followed by 3.4 percent in 2026 and 2.5 percent in 2027.
Inflation stood at 4.1 percent in Poland last month in year-on-year terms, according to a flash estimate by the country’s statistics office.
According to a set of macroeconomic targets adopted by the government in late April, inflation is projected to average 3.8 percent next year, followed by 3 percent in 2027, 2.8 percent in 2028 and 2.5 percent in 2029.
In 2023, the Monetary Policy Council slashed interest rates by a combined 100 basis points.
In 2021 and 2022, it delivered a string of rate hikes in an effort to contain surging consumer prices.
(gs)
Source: IAR, PAP, nbp.pl