Poland Keeps Rates Steady Amid Inflation Concerns

The National Bank of Poland has maintained its interest rate at 5.75%, consistent with forecasts by analysts and economists despite pressure from some politicians and economic experts to lower rates. This decision is influenced by concerns over potential inflation rebound, as the annual inflation rate was reported at 4.9%, slightly below earlier expectations. Poland's central bank aims to stabilize inflation within its target range of 1.5-3.5%, while recent economic data indicates a moderate growth. The Polish zloty remained stable amid the central bank's decision-making process and ongoing global economic factors, such as U.S. trade tariffs. Presidential candidates from opposition parties have been advocating for rate cuts to reduce borrowing costs for consumers. Despite the dovish signals from some officials, the Monetary Policy Council is focused on economic stability and cautious about any rate changes.