Soft Polish Wage Growth Bodes Well for Interest Rate Cut in May

Polish wages grew at the slowest pace in four years in March and slightly undershot analyst expectations, bolstering the case for a start to monetary easing next month.

Wage growth slowed to 7.7% year-on-year last month from 7.9% in February and double-digit advances for most of the last three years, data published Tuesday showed. The median forecast from a Bloomberg survey of 15 economists envisaged a 7.8% increase.