Ireneusz Dabrowski, a member of the Polish central bank, has changed his position on interest rate cuts. He now believes that any reductions should be delayed until the third quarter of 2025 due to concerns about persistent inflation and a loose fiscal policy environment.
Dabrowski had previously suggested that rate cuts could start in March, but the latest inflation projections indicate that price growth is expected to remain above the target throughout 2025, leading to this shift in perspective.