Polen Zinssatz

The National Bank of Poland kept its benchmark reference rate unchanged for the tenth meeting at 5.75% in September, aligning with market expectations. The Lombard and deposit rates were also held at 6.25% and 5.25%, respectively. Preliminary estimates show that the country's inflation rate increased to 4.3% in August 2024, up from 4.2% in July, marking an eight-month high and signaling a trend of accelerating inflation. However, economic growth in Q2 2024 surpassed expectations, expanding by 1.5%, fueled by robust household consumption and a rise in investments. In July, central bank governor Glapinski indicated that rate cuts were unlikely before 2026, but last month he hinted that an earlier easing of monetary policy is not ruled out.