In its latest Monetary Policy Meeting held in May 2024, the National Bank of Poland decided to keep its key interest rate unchanged at 5.75%. This decision comes after the previous indicator had also remained steady at the same rate in April 2024. The announcement was made on 9th May 2024 following the central bank's assessment of the country's economic conditions.
The decision to maintain the interest rate reflects the bank's cautious approach amidst global economic uncertainties and inflationary pressures. With inflation concerns lingering, the National Bank of Poland aims to strike a balance between supporting economic growth and controlling price pressures. Market analysts will be closely monitoring future policy meetings for any signs of potential rate adjustments to navigate the evolving economic landscape.
