Poland’s Central Bank Governor Sees Rate Cuts Coming Soon

Polish Central Bank Chief Stumps Markets With Rate Cut Pivot

(Bloomberg) — Polish central banker Adam Glapinski has an all-or-nothing style that’s hard to grasp for financial markets. A week after insisting there were no grounds for monetary easing, the governor said that he may personally file a motion to cut interest rates as soon as May.

Poland’s Central Bank Governor Sees Rate Cuts Coming Soon

Polish central bank Governor Adam Glapinski said policymakers may soon cut interest rates after adopting a “dovish” stance in a shock about-face that sent the zloty and Warsaw-listed stocks tumbling.

The majority of the Monetary Policy Council members have changed their stance on monetary policy, said Adam Glapiński, President of the National Bank of Poland, during a press conference.

Weaker growth and a lower inflation path create room for CEE central banks to cut interest rates, Citi economists say. In their opinion, there is room for interest rate cuts of 200 bp or more in Poland.

The National Bank of Ukraine (NBU) has lowered the Polish zloty to hryvnia exchange rate. The zloty has fallen after hitting a historic high the day before. This was reported by RBC-Ukraine, citing data on the regulator's website. The official exchange rate for April 7, 2025, is set at the following level: UAH 10.7023 per zloty (-UAH 0.2274). bank.gov.ua On the cash market, exchange offices buy zloty for an average of UAH 10.70 and sell it for U…

NEW YORK (Reuters) - Members of the Czech National Bank's (CNB) bank board do not consider the process of cutting interest rates to be over. But he sees upside risks that persist in the domestic economy and are growing abroad. This follows from the record of the Bank Board's meeting on interest rate setting, published today by the CNB. Negotiations took place last week, with the bank board deciding on it to leave the base interest rate unchanged…