The fight against the polar time of PiS brings results. It is high time to lower interest rates – Prime Minister Donald Tusk wrote on social media on Wednesday. The appeal was sent to the president of the Polish National Bank Adam Glapiński.
Prices of consumer goods and services in April 2025 increased by 4.2 percent. On an annual basis – the Central Statistical Office said on Wednesday. Analysts expected an increase of 4.3 percent. A month earlier, in March, inflation It was at the level of 4.9 percent.
“Inflation in April is clearly lower than forecast by experts!” – he wrote on Wednesday in the social media of the premieres Donald Tusk.
“The fight against the pars of PiS times brings results. It is high time, ladies Glapiński, to lower the feet. People and companies are waiting!” he added.
May meeting of the MPC
The meeting of the Monetary Policy Council is scheduled for Tuesday and Wednesday next week. The last time the MPC reduced the interest rate at the Central Bank in October 2023.
During the conference at the beginning of April, NBP President Adam Glapiński said that there may be a space to lower interest rates in the near future. – One could say jokingly that I come as a pigeon at the head of other pigeons. The Council changes his position to such more pigeons, i.e. it expects the situation to change towards lowering interest rates – said the head of the central bank.
He also assessed that interest rate reduction It can take place both in May and in any other month. He pointed out that this year, in the optimistic scenario, there could be two rate discounts, each 0.5 percentage point.
For a long time, the President of the NBP argued that Due to increased inflation, there is no space to change interest rates.
NBP reference footPAP/Michał Czernek
Economists: foot reductions are being prepared
After Adam Glapiński's conference, but also after further data, including salaries and inflation, economists predict that the reduction will take place during the May meeting of the MPC.
“Today's data (inflation – ed.) Are an important argument in discussions on the scale of NBP interest rates at the MPC meeting next week” – pointed out Rafał Benecki and Michał Rubaszek from ING Bank Śląski. “We expect the foot cut by 50 pp (base points – ed.) In May and 125 PB throughout the year,” they added.
“The April inflation, together with quite weak, readings from the Polish real economy (industry, retail sales, construction) will be a sufficient argument for the MPC for cutting feet at the May meeting, in our opinion by 50 PB” – said Pekao experts.
A three -month -old and six -month WIBOR go along with the forecasts of the interest rates down. The result is a decrease in the amount of loan installments.
Source of the main photo: PAP/Waldemar Deska