Latest Statement
🕊️ Dovish
NBP MPC Press Release - December 1, 2025
2025-12-03
The National Bank of Poland has decided to cut the reference interest rate by 0.25 percentage points to 4.00% in response to declining inflation and a slowdown in wage growth. The Council emphasizes that future decisions will be contingent on incoming data regarding inflation and economic activity, while remaining committed to ensuring macroeconomic stability.
- The NBP reference rate has been reduced to 4.00%, with other interest rates adjusted accordingly.
- Poland's GDP growth for Q3 2025 was reported at 3.8%, driven by domestic demand, despite a slowdown in wage growth and employment.
- Annual CPI inflation in November 2025 decreased to 2.4%, indicating a downward trend in inflation expectations.
- The NBP will continue to monitor economic indicators and may intervene in the foreign exchange market to maintain stability.
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"The Council decided to cut the NBP reference rate by 0.25 percentage points, i.e. to 4.00%."