Key facts
- Poland's Monetary Policy Council member Henryk Wnorowski believes discussions about a September interest rate cut are premature.
- Governor Adam Glapinski had previously suggested a potential 25-basis-point cut after the summer.
- Wnorowski cited potential economic uncertainties and reservations as reasons for caution.
- He indicated that if any rate cut occurs this year, it would likely be a single reduction.
Warsaw, Poland – Henryk Wnorowski, a member of the National Bank of Poland's Monetary Policy Council, stated on Friday that it is too early to determine if interest rates should be cut in September. This comes after central bank governor Adam Glapinski suggested on Thursday the possibility of a 25-basis-point interest rate cut after the summer, while also noting that other council members might be more hesitant about further monetary easing.