The National Bank of Poland kept its benchmark policy rate unchanged at 3.75% at its June 2026 meeting, leaving it at a four-year low in line with market expectations. This decision stands in contrast to the likely rate hikes expected from neighboring Eurozone countries next week and reflects both the relative stability of the zloty and recent signs of price stability in the Polish economy.
The latest data show that headline inflation slowed to 3.1% in May from 3.2% in April, coming in well below market forecasts of 3.6%. The softer reading has helped ease concerns that the sharp rise in energy prices since the outbreak of the war in Iran would lead to a more persistent acceleration in consumer prices.
