Today’s decision by the National Bank of Poland to cut interest rates by 25bps to 4.50% suggests that policymakers are finally starting to acknowledge that the big threat to the economy comes from weakening growth, not high inflation. We expect at least another 75bps of cuts over the coming months.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services