Poland's NBP Cuts Rates to 3.75%, Zloty Shows Resilience Amid Global Volatility

The National Bank of Poland has cut its key interest rate by 25 basis points to 3.75%, according to ING’s Frantisek Taborsky. This decision comes despite ongoing global market volatility. Forecasts indicate that inflation could stabilize near the target level by 2028, coupled with strong economic growth projections. Analysts suggest that the downside risk for the Polish zloty is limited following the rate cut. The central bank's move aims to provide monetary support while navigating uncertain economic conditions. Investors are closely monitoring the zloty's performance in the context of these changes.

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