Poland

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Poland Leaves Interest Rate Unchanged at 3.75%

Poland’s central bank left its benchmark interest rate unchanged at 3.75% in October, matching market expectations and the previous rate.
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Poland Holds Interest Rate at 3.75% as Inflation Risks Limit Scope for Easing

Poland’s central bank kept its benchmark interest rate unchanged at 3.75% in September, matching market expectations and the previous rate.

The National Bank of Poland’s Monetary Policy Council has now maintained the benchmark at 3.75% since cutting it by 25 basis points in March.
Poland's central bank left its benchmark interest rate unchanged at 3.75% in June, matching market expectations and maintaining the current policy stance following recent easing measures.
Poland's economy continued to grow at a solid pace in the first quarter, although the expansion moderated slightly from the previous quarter. GDP increased 3.5% year-over-year, exceeding expectations of 3.4% but slowing from 4.0% growth recorded in the prior quarter.

On a quarterly basis, the economy expanded 0.6%, beating forecasts of 0.5% but easing from the previous quarter's 1.0% growth rate.
Poland economy slowed in Q1.

GDP (QoQ): 0.5% vs previous 1.0%
GDP (YoY): 3.4% vs previous 4.1%
Poland’s retail sales surged by 9.8% year-over-year in March, accelerating sharply from the previous 4.3% growth.
Poland CPI showed firm inflation in March, with both YoY and MoM readings in line-to-slightly above expectations.

YoY: 3.0% (in line with forecast, up from 2.4%)
MoM: 1.1% (above 1.0% expected, sharply higher vs. 0.0% prior)
Poland’s current account swung to a deficit of €990 million in February, missing expectations of a €399 million surplus and down sharply from the previous €1.05 billion surplus.
Poland’s retail sales growth accelerated in February, signaling resilient consumer demand despite missing expectations.

Retail sales rose 4.3% year-on-year, up from 3.9% in the previous month, though below the 6.1% forecast.
Poland’s consumer price inflation slowed to 2.1% year-on-year in February, below expectations of 2.2% and down from 2.4% in the previous reading, signaling easing price pressures. On a monthly basis, CPI rose 0.3%, missing forecasts of a 0.6% increase but rebounding from flat growth in the prior month.
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06-02-25WS Investor