FX.co ★ Poland Eases Monetary Policy with Sixth 2025 Rate Cut

At its meeting on December 2–3, the National Bank of Poland reduced its benchmark interest rate by 25 basis points, bringing it to 4.00%—the lowest level since March 2022. This marks the sixth rate reduction within the year, with a total easing of 175 basis points in 2025. The decision came on the heels of an unexpected slowdown in annual inflation to 2.4% in November, which fell below market expectations and represented the fifth consecutive month that inflation remained within the central bank's target range of 2.5% ±1 percentage point. Additionally, wage growth for October was also lower than anticipated.