The National Bank of Poland (NBP) is expected to maintain its current policy rate at 3.75% during the Monetary Policy Committee meeting scheduled for 7 October. This pause in rate adjustments reflects a cautious approach amid evolving economic conditions, according to FX Street.
ING economists Rafal Benecki and Adam Antoniak anticipate that the NBP will hold steady through the remainder of 2024 and 2025, with potential increases only emerging in the first quarter of 2027. Specifically, they forecast two 25 basis point hikes during that period, signaling a gradual tightening of monetary policy.
For Japanese investors and market participants, Poland’s steady monetary stance underscores a broader trend among emerging European economies to balance inflation control with growth support, a dynamic that may influence FX and equity flows in the region.