WARSAW, Sept 25 (Reuters) - Discussion about rate cuts in Poland could start in March at the earliest, central banker Iwona Duda told the Money.pl website in comments published on Wednesday.

Poland's main interest rate has been on hold at 5.75% since October 2023 amid uncertainty over the inflation outlook created in part by question marks over government policy on energy prices.

"We need confirmation from incoming data that inflation will show a tendency to permanently decline towards the target," Duda was quoted as saying. "In my opinion, the discussion on interest rate cuts will be able to start in March at the earliest."

The central bank publishes its next set of economic forecasts in March.

"It is difficult to talk about interest rate cuts when we are again in an environment of rising inflation," Duda said. "It seems that the peak of inflation - even around 6% - will fall in March or April 2025."

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https://www.reuters.com/business/finance/polish-cbanker-duda-says-discussion-about-rate-cuts-may-start-march-2024-09-25/