Polish central bank board member: Interest rates will remain stable, and there is very limited room for further cuts.

(1) Iwona Duda, a member of the Polish Monetary Policy Council, stated that the central bank will not commit in advance to any fixed policy path; the current baseline scenario is that interest rates will remain stable in the coming months. (2) Inflation has not increased significantly and remains within the target range of the National Bank of Poland. There are currently no signs indicating that the impact of oil prices is being broadly transmitted across various sectors of the economy, and the council is closely monitoring producer price inflation levels. (3) Regarding interest rate cuts, Duda said that the matter will only be discussed if the economic situation is confirmed to be sufficiently favorable. After a 25-basis-point rate cut in March 2026, the scope for further rate cuts in Poland is now very limited.