(Bloomberg) -- Poland’s central bank extended its period of stable interest rates into 16th month with an expected rebound in economic growth adding to Governor Adam Glapinski’s arguments against the need for cuts.

The Monetary Policy Council kept the benchmark at 5.75% on Wednesday — the level where it’s been since late 2023 — in line with the forecasts of all 30 economists in a Bloomberg. A statement explaining the decision will be released at 4 p.m. in Warsaw.

Glapinski, who will brief reporters on Thursday, has recently argued for delaying a discussion on monetary easing because of high inflation. His case was buttressed by data showing the economy accelerated to 2.9% last year, suggesting a return to growth in the fourth quarter following a contraction in the previous three months.

The prospects for rates remaining stable in the foreseeable future helped drive the zloty to its strongest level in nearly seven months. That might help inflation, currently at 4.7%, return to the central bank’s 2.5% target, according to ING Bank Slaski SA economists.

Glapinski’s hawkishness has sparked accusations from the front-runner in May presidential election, Rafal Trzaskowski, that he was doing the opposition’s bidding. The governor, who was appointed by the previous ruling nationalists, has rejected criticism, saying he acts independently.

--With assistance from Barbara Sladkowska.