Possible changes in Poland's monetary policy starting March 2016

There are chances for Poland's central bank to cut its benchmark interest rate, which is currntly at 1.5%. The changes in the personnel of the council might have influence on the monetaary policy decision through 2016.

There is no ceratianity about Polish rate cuts in 2016, however some economists anitcipate easing next year. Poland's inflation might be stimulated by some government measures.

"In our opinion, Poland should exit deflation in Q1 2016, and the rate cuts expected in March or April (already priced by the market) are not so certain. We think thescenario of rates remaining stable for longer is still quite feasible", says Societe Generale.