Polish Policymakers Signal Steady Rates for Duration of Iran War

Poland may abstain from interest-rate cuts for as long as the armed conflict in Iran lasts, according to policymakers Henryk Wnorowski and Marcin Zarzecki.

The comments come after the Monetary Policy Council cut its benchmark by 25 basis points to 3.75% on Wednesday, while lowering its inflation projections in the face of energy price risks triggered by the growing conflict in the Middle East. They echo the movements of derivatives, which show bets on steady rates for months to come.