Domański: Interest rates in Poland. are still very high. “A four-day work system is unrealistic”

Interest rates in Poland are still very high – said the Minister of Finance and Economy, Andrzej Domański, on RMF FM. He added that he would be surprised if, in such an environment, President Karol Nawrocki vetoed an increase in corporate income tax for banks. He also said that he doubted that a four-day working week would be introduced.

“I would be very surprised if, in a situation where we still have very high interest rates in Poland – despite today's decision of the Monetary Policy Council – and banks benefit from high interest rates and have record profits, if President Nawrocki decided to veto in such a situation. It would be, I think, a very, very unwise step,” Domański said.

The Monetary Policy Council at its meeting on On October 7-8, 2025, it reduced all NBP interest rates by 25 basis points, including the reference rate to 4.50%.

“If someone, e.g. the president, vetoes or plans to veto laws that serve to strengthen our state's budget, then in the same way, with the same move, he makes it difficult to increase Polish security,” he added.

The government project assumes an increase in CIT for banks from 19%. up to 30 percent in 2026, in 2027 it will be 26%, and ultimately in 2028 it will be 23%. According to the project, banks will pay approximately PLN 6.6 billion more in tax in 2026, and within 10 years the state budget will receive an additional approximately PLN 23.4 billion.

Domański also pointed out that Poland currently has high social benefits.

When asked about the potential transfer of the cost of the CIT increase for banks to the customer, he said: “Banks want to defend themselves against higher CIT in this way. If we see that banks are trying to pass on the fees, increase fees and pass on this tax to customers, we will take further actions. That's what the Polish Financial Supervision Authority is for, we have the Office of Competition Protection.”

“Currently (expenditures on social benefits – PAP) are among the highest in the European Union in relation to GDP. However, as I said at the beginning of our conversation, we want to maintain high economic growth dynamics. Do not allow this growth engine to stop and thus grow out of debt,” Domański pointed out.

Moreover, when asked about the idea of ​​introducing a four-day system, Domański said: “I doubt it will happen.” (PAP Business)

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