A median of quarterly forecasts in a “Parkiet” daily competition for the best macroeconomic analyst 2025 indicates that in the next 12 months, average quarterly inflation will oscillate around 2.7% y/y. The annual growth rate of consumer prices should fall into this region already in July, due to the base effect. The Monetary Policy Council is expected to continue the cutting of interest rates as part of its gradual easing of the monetary policy. On average, analysts expect one interest rate cut of 25 basis points per quarter (including one more in the third quarter of this year, in September), and the NBP reference interest rate is expected to reach 4% by the middle of next year. Monetary policy adjustments will support Poland’s economic growth, which is expected to reach 3.7% of GDP in the third and fourth quarters of 2025 and in the first quarter of 2026. (ICE VARSAVIA)

Fonte notizia: Parkiet