Polónia Taxa De Juros

The National Bank of Poland cut its key interest rate to 5.25% at its May 2025 meeting, as expected, to mark the first cut since October 2023. The Lombard and deposit rates were also lowered to 5.25% and 4.25%. The cut was prompted by falling inflation, a slowdown in wages and signs of economic weakness in early 2025 amid uncertainties related to demand, the labor market, energy prices and fiscal policy. Inflation slowed to 4.2% in April from 4.9% in March, reflecting, among other factors, lower fuel prices and the fading of the effect of the previous year’s VAT hike on food. Despite growth in industry, there were declines in retail sales and construction. Unemployment remained low, but corporate employment fell slightly and wages weakened. The central bank said further decisions would depend on inflation and economic activity.