Poland’s Return to Rate Cuts in Doubt as Iran Risks Spread

Poland’s expected return to interest-rate cuts on Wednesday is increasingly in doubt as the conflict raging around Iran risks reviving inflationary pressures and rattles financial markets.

The National Bank of Poland will be the world’s first central bank to decide on rates since the US and Israel started bombing Iran five days ago — upending investment sentiment for emerging-market assets and sending the zloty, along with other currencies, into a tailspin.