Poland's new MPC is gradually being sworn in. Yesterday, Lower House nominees Grazyna Ancyparowicz and Eryk Lon were sworn in, President Andrzej Duda will nominate his two positions by 19 February.
Remarks by most new members suggest that they view present conditions as accommodative enough; they are signaling a lack of urgency to combat deflation. One of the members emphasized that deflation is not such a big problem and that there is no case for using either the official interest rate or unconventional policy tools any further.
Such remarks could well be an attempt by members to dispel concerns that a PiS-nominated MPC would be unreasonably dovish. Even if this were their fundamental assessment, there is every possibility that their view could change once the ECB and the NBP have lowered inflation projections by March.


RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision
RBI Hits Pause as Geopolitical Storm Clouds Gather
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 



