Dovish Monetary Policy Council is less and less afraid of inflation and is cutting interest rates

The interesting thing is that the Monetary Policy Council's interest rate cut coincides with the elections in Poland. The Council ordered the last cuts in September and October 2023. "We claimed that the Monetary Policy Council, despite significant economic arguments, would not want to lower interest rates so as not to make a gift to the presidential candidate of the currently ruling party," admits Mariusz Zielonka, Lewiatan's chief economist. "However, the Monetary Policy Council has placed economic arguments above the election calendar," he adds.