Polish Wages, Output Undermine Central Bank’s Steady-Rates View

Polish wage and industrial output data are challenging the central bank’s steady interest-rate view and are likely to pile more pressure on policymakers to cut borrowing costs for the first time since 2023.

Output fell 2% in February from a year earlier, twice as much as expected by economists surveyed by Bloomberg and the biggest decline since March 2024. Wages grew 7.9% from a year ago, the slowest pace in four years and undershooting analyst expectations, according to figures released Thursday.