The last time the panel changed interest rates was in October last year.
At the time, the Monetary Policy Council trimmed rates by 25 basis points.
The council slashed key interest rates by a combined 100 basis points last year, amid signs of subsiding inflation.
Poland’s central bank chief, Adam Glapiński, has said that the country's interest rates are likely to fall around the middle of next year if inflation is kept under control.
He told the media last month that Polish interest rates were likely to stay put until the end of this year as the market remained volatile, state news agency PAP reported.
He said at a news conference in Warsaw that most members of the rate-setting panel "have been talking off the record, or even directly in the media, about the middle of 2025" as a potential date for the first rate cut since late last year.
"If inflation stabilises at around 5 to 5.5 percent, or even 4.5 percent—and our projections indicate that inflation will decrease in the coming quarters—then, of course, some members of the Monetary Policy Council will be inclined to consider this," Glapiński said in early September.
"We are waiting impatiently for the moment when the first interest rate cuts will become possible," Glapiński told reporters.
"I hope it could be possible after March, or even as early as March," he added.
Glapiński also said at the time that inflation could return to the central bank's target of 2.5 percent, plus or minus 1 percentage point, by 2026.
Inflation in Poland stood at 4.9 percent last month, up from 4.3 percent in August, according to a flash estimate by the country’s statistics office.
The Polish central bank said in its latest Inflation Report, released on July 5, that inflation would average at 3.7 percent this year, followed by 5.2 percent in 2025 and 2.7 percent in 2026.
In 2021 and 2022, the Monetary Policy Council delivered a string of rate hikes in an effort to contain surging consumer prices.
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Source: IAR, PAP