MNI NBP WATCH: Rates Held At 5.75%, Trump Risk Highlighted

The National Bank of Poland left key interest rates unchanged on Thursday, with the reference rate held at 5.75% for the 15th consecutive month. (See MNI EM NBP WATCH: Lack Of New Data, Hawkish Gov Points To Hold)

Average annual GDP rose by 2.9% in 2024, implying an acceleration in economic activity in Q4, the Bank said.

However, uncertainty about the activity outlook in the largest economies persists, “which is related to, among others, possible changes in global trade policies,” it added, in the only noteworthy departure from the statement delivered three weeks ago.