Market rates fell after NBP and RPP signals, suggesting an early rate cut as soon as February instead of March.
Market Reaction to NBP and RPP Signals
Statements from Adam Glapiński, President of the National Bank of Poland (NBP), and some members of the Monetary Policy Council (RPP) following the January meeting have led to a decrease in market interest rates.
This signals that the market allows for the possibility of an earlier cut to the central bank’s rates than the March council meeting.
March Meeting vs. Potential February Cut
March had been highlighted as a favorable month for a rate cut partly because the council would then have new inflation and GDP projections prepared by NBP experts.
