Poland: National Bank Holds Rate as Expected.

The National Bank of Poland held its reference policy rate at 3.75% in its June 2026 meeting, maintaining the rate at its lowest level in four years, as widely expected by markets. The hold contrasted with what is likely to be a rate hike by neighboring Eurozone countries next week, consistent with a relatively stable zloty and recent evidence of price stability in the Polish economy. The latest data showed that headline inflation eased to 3.1% in May from 3.2% in the earlier month, well below market expectations of 3.6% to push back against concerns that the surge in energy prices since the war in Iran would trigger an entrenched increase in consumer prices.