Central Banks
Polish Inflation, Budget Deficit Set to Keep Interest Rates on Hold
- Central bank has held benchmark at 5.75% since October 2023
- Budget gap widens and CPI picks up, as retail sales slump
Poland is likely to extend an interest-rate pause amid quickening inflation and a widening budget deficit as investors await fresh central bank guidance on when easing may begin.
The rate-setting Monetary Policy Council will leave the benchmark at 5.75% on Wednesday, according to all 36 economists surveyed by Bloomberg. The central bank is also set to publish new forecasts on inflation and economic growth, with Governor Adam Glapinski due to hold a news conference on Thursday.