What’s going on here?
Poland’s central bank held interest rates steady on Wednesday, bucking regional trends as inflation spikes.
What does this mean?
The National Bank of Poland (NBP) decided to keep interest rates unchanged, matching forecasts after a notable rise in inflation. In September, Poland’s inflation rate shot up to 4.9%, far above the central bank’s target of 2.5% plus or minus one percentage point. With economists expecting inflation to breach 5% soon, the case for rate cuts is weak. Experts from Bank Pocztowy and Santander Bank Polska emphasized the growing gap between…