Poland Central Bank Holds Rate at 3.75%

NBP kept benchmark interest rate unchanged at 3.75% on 6 May 2026, citing fiscal policy and fuel price regulations as inflation risks.
The bank said future policy will hinge on incoming inflation and economic activity data, with possible currency market intervention if needed.
NBP noted GDP growth likely slowed in Q1 and core CPI probably rose in April, while activity and wage trends remain influential.
The bank highlighted global commodity price shifts and geopolitical factors abroad as additional pressures on Poland’s inflation outlook.