Poland’s Second Central Bank Interest Rate Cut of the Easing Cycle

In the face of above-target inflation, the National Bank of Poland’s reference interest rate had between October 2021 and September 2022 been raised progressively from 0.10% to 6.75%. Meanwhile, Polish CPI inflation had this year crested at 18.4% in February and fallen to 10.1% by August. That set the stage for a 75-basis point initial […]