Interest rates cut by more than 25 bps at the January sitting "would be justified," Monetary Policy Council member Elzbieta Chojna-Duch told broadcaster TVN CNBC.

"Of course, a decision about a slightly deeper rate cut would be justified . . . but would constitute a slight distortion of the cycle," Chojna-Duch said.

"I could support a motion for a cut but it is not a declaration," she said.
Further rate cuts, after a potential cut in January "cannot be excluded," according to the rate setter.

On the other hand rate setter Jan Winiecki sees little room for rate cuts this year.

Poland has little room for interest rate cuts in 2013 as the Polish economic situation does not require drastic moves, rate setter Jan Winiecki told broadcaster TVN CNBC.

Polish economy is expected to grow by around 1.5% in 2013 with Q4 of 2012 and Q1 2013 probably the weakest periods of economic growth, the rate setter said.

Poland assumed 2.2% GDP growth in its 2013 budget.