Poland’s central bank governor Glapinski: data show a further slowdown in GDP in the third quarter.

Poland’s central bank governor Glapinski: data show a further slowdown in GDP in the third quarter.

CPI may still rise early next year.

The Polish CPI will fall to the target level in 2025.

Given the strong tightening policy so far and the risk of a global slowdown, we think the best decision is to keep rates on hold.

We are in a pause in monetary policy tightening, not an end to the cycle.