The average inflation rate in Poland will reach 11.9% this year, 5.7% in 2024 and 3.5% in 2025, the National Bank of Poland has said in a forecast.
“Over the projection horizon, CPI inflation will decline as factors currently boosting its level subside,” the NBP said in its March 2023 inflation report published on March 10. “However, under the assumption of unchanged NBP interest rates (including the reference rate at 6.75%), CPI inflation will only return to the band of deviations from the NBP inflation target defined as 2.5% +/-1% at the end of the projection horizon.”
The NBP also said that the country’s GDP would increase by 0.9% this year and would grow by 2.1% next year and by 3.1% in 2025. (PAP/Business World Magazine)
