Investing.com -- Poland’s inflation rate in April was slightly lower than predicted, according to official data released on Wednesday.
This development has led to increased market anticipation for a 50 basis point interest rate cut by the Monetary Policy Council (MPC) of the country’s central bank in May.
The annual inflation rate for April stood at 4.2%, a tad lower than the projected 4.3%, as per a flash estimate from the statistics office.
This figure marks a decrease from the 4.9% inflation rate recorded in March.
The current inflation rate is the lowest it has been since July 2024. Economists believe it could return to the central bank’s target range of 1.5% to 3.5% by July 2025.
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