Latest news with #PolandEconomy
Bloomberg
6 days ago
- Business
- Bloomberg
Poland to Hold Rates, Focus on Glapinski's Tone
Poland is set to keep interest rates on hold, with investors focusing on central bank Governor Adam Glapinski's outlook for borrowing costs following a pivotal presidential election. A month after the Monetary Policy Council cut its benchmark by half a point, all but one of 27 economists surveyed by Bloomberg expect the panel to keep rates steady at 5.25% on Wednesday. Glapinski and other policymakers have signaled that rates should stay flat in June before potential further easing later this year.
Wall Street Journal
07-05-2025
- Business
- Wall Street Journal
Poland's Central Bank Joins Europe's Rate-Cutting Wave
The Polish central bank said further moves would depend on a range of factors, including the impact of President Trump's tariffs on the global economy. Photo: kacper pempel/Reuters Poland's central bank cut its key interest rate for the first time in 19 months, joining a European move to remove restraints on economic activity as the impact of higher tariffs on exports to the U.S. begins to be felt. While the European Central Bank started to lower borrowing costs in June 2024, Poland's central bank remained on the sidelines amid uncertainties about the path of household energy prices, which have been heavily influenced by government caps.
