Interest rates will fall? – Conditions set by the President of the National Bank of Poland regarding the conditions for changing the parameters of monetary policy, specifically a reduction in percent rates. They come true in time. The data flowing from the economy confirm The legitimacy of serious considering the lowering of the feet at the nearest May meeting – said a member of the MPCs Przemysław Litwiniuk at the European Economic Congress in Katowice. – if nothing changes until May 7, if so application It will not fall, I will report it myself – he said about a reduction by 50 base points.
How much will interest rates be reduced? – The issue is the issue of the scale of this reduction, whether it is 25 PB. Whether 50 pb., and the nature of this reduction, whether it will be a cycle or adjustment – said prof. Litwiniuk. According to him, at the next meeting you should lower your feet by 50 PB. Or on two more after 25 pb. Later by another 50 pb. The reduction should come in autumn. Of course, after “observing the projection, inflation paths and GDP”. Believes that In 2025, interest rates will go down by 100 pb, but does not exclude even 125 PB.
Almost certain reductions: He caused discussions on the May reduction Adam Glapiñskipresident of the National Central Bank, when he said at a press conference that the MPC “changes his position to such pigeons” on interest rates. Later he confirmed this, among others Member of the Council Ludwik Kotecki. – I think that in May and this is not such wishful thinking anymore. I think that there are all premises arising from the president's statements, but also other members of the Monetary Policy Council to think seriously about the fact that in May we will lower interest rates – he declared.
A series of reductions is coming? – I would start a certain cycle, so he thought in May that it could be 25, maybe 50, but it would not be one -time, just then I would probably return to this discussion in July, because there we usually have an inflation projection in July, which I assume that he will confirm all these forecasts about the fact that we will achieve the inflation target in the first half of next year – explained Ludwik Kotecki. – If so, then, for example, July would also be a good month to continue such a cycle. Therefore, I would see, maybe until the end of the year, until December 2025, such space for reductions to 100 base points, i.e. one whole percentage point, So of the 5.75 that we have today, when it comes to the reference foot, to 4.75 – he added.
Read also: Poles will pay lower installments? Key decision of the MPC. “It's a foregone conclusion.”