Indicators

Poland’s Easing Wage Growth Boosts Chances For October Rate Cut

Morning commuters exit the Warszawa Wilenska railway station in Warsaw.
Photographer: Damian Lemański/Bloomberg

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By Agnieszka Barteczko and Barbara Sladkowska

September 18, 2025 at 11:08 AM UTC

Wages in Poland grew their slowest since 2021 in August, coming in below analysts’ expectations and raising the prospect of an interest rate cut next month.

Wage growth slowed to 7.1% year-on-year last month from 7.6% in July, data published Thursday showed. The median estimate in a Bloomberg survey of economists predicted a 7.8% increase.