Poland Keeps Interest Rate at 4% Amid Strong 2025 Growth

Poland’s central bank has decided to keep its benchmark interest rate at 4% for February 2026, marking the second consecutive month without changes in its monetary easing cycle. The decision aligns with forecasts from most analysts and reflects the country’s stronger-than-expected economic performance.

While inflation remained moderate at 2.4% in December, slightly below the central bank’s 2.5% target, Poland’s economy expanded by 3.6% in 2025, surpassing economists’ predictions. This unexpected growth reinforces the central bank’s cautious approach toward further rate cuts.

 MPC’s Decision Reflects Cautious Monetary Policy
The 10-member Monetary Policy Council (MPC) previously held rates steady in January, citing the need to assess the impact of its 175-basis-point easing throughout 2025. Governor Adam Glapinski, who typically sets the MPC’s direction, noted that there is limited room for additional rate reductions due to low inflationary pressures and strong economic momentum.

Economic Outlook and Inflation Trends
Despite a period of tight monetary policy, inflation remains subdued, providing policymakers with flexibility to maintain current rates. Analysts suggest that Poland’s steady interest rate 2026 policy could support sustained growth while keeping inflation within the target range.

H2: Upcoming Statements and Market Reactions
The central bank is scheduled to release its official statement at 4 p.m. in Warsaw, with Governor Glapinski hosting his monthly press conference at 3 p.m. on Thursday. Market participants will closely monitor any guidance regarding future monetary policy adjustments.