Poland's Monetary Policy Council, the rate-setting body of the National Bank of Poland (NBP), kept the central bank’s reference interest rate unchanged once again at 5.75% on January 16.

intellinews.com

Polish central bank NBP turns up hawkish message as it holds rates at 5.75% again

(Bloomberg) — Poland’s central bank refrained from cutting interest rates for another month as policymakers’ rhetoric turned more hawkish despite a softer-than-expected inflation print in December.

Media Bias/Fact Check

Financial Post

Leon Cooperman

Allianz

Canada

Poland Keeps Rates on Hold as Policymakers Extend Hawkish Tilt

- MPC members are ready to lower rates when it is possible. There are no conditions for this at the moment - said NBP President Adam Glapiński during Friday's conference. - Someone is confusing politics with monetary policy - commented Finance Minister Andrzej Domański.

– Członkowie RPP są gotowi obniżać stopy, gdy będzie to możliwe. Na razie nie ma ku temu warunków – poinformował prezes NBP Adam Glapiński podczas piątkowej konferencji. – Ktoś myli politykę z polityką pieniężną – skomentował minister finansów Andrzej Domański.

Prezes NBP Adam Glapiński: Nie widać przestrzeni do obniżki stóp procentowych

Rzeczpospolita

Poland

NBP President Adam Glapiński: There is no room to reduce interest rates

The unfreezing of energy prices may extend the period in which inflation remains above the target, believes the Monetary Policy Council.

Odmrożenie cen energii może wydłużyć okres pozostawania inflacji powyżej celu – uważa Rada Polityki Pieniężnej.

Wysoka inflacja w Polsce zostanie na dłużej. RPP tłumaczy dlaczego

Do Rzeczy

Warsaw

Masovian Voivodeship

High inflation in Poland will stay for longer. MPC explains why

Prices in Poland will rise faster than they should in the coming quarters. In a statement after Thursday's meeting, the Monetary Policy Council assesses that the current level of interest rates of the NBP favors the achievement of the main objective.

Ceny w Polsce będą rosły szybciej, niż powinny przez nadchodzące kwartały. W komunikacie po czwartkowym posiedzeniu Rada Polityki Pieniężnej ocenia, że obecny poziom stóp procentowych NBP sprzyja realizacji głównego celu.

Wysoka inflacja zostanie na dłużej. RPP tłumaczy decyzję o stopach

Business Insider (Poland)

High inflation will last longer. RPP explains the rate decision

On January 15-16, 2025, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. 
  
Current National Bank of Poland interest rates:
reference rate at 5.75% on an annual basis
lombard rate at 6.25% on an annual basis
deposit rate at 5.25% on an annual basis
rediscount rate at 5.80% on an annual basis
discount rate at 5.85% on an annual basis
  
In the post-meeting release, the Monetary Policy Counc…

Polish central bank NBP turns up hawkish message as it holds rates at 5.75% again

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