Inflation and high prices are currently the most important challenges facing the Polish government, its spokesperson has admitted.
Special discounts on petrol, such as the one introduced by PKN Orlen, the dominant Polish fuel company, may play an important role in lowering inflation, PKO BP’s chief economist said on Monday.
Banks may face an additional tax on their profits if they fail to raise interest rates on deposits amid high inflation, said Jarosław Kaczyński, leader of Poland's ruling party Law and Justice (PiS).
Donald Tusk, leader of Poland's main opposition party, the centrist Civic Platform (PO), has accused the government of mishandling inflation through incompetence and dishonesty.
Analysts at investment bank Goldman Sachs (GS) have predicted a 75-basis point increase in interest rates at the next sitting of Poland's Monetary Policy Council (RPP), scheduled for July 7.
Inflation in Poland is expected to continue to rise, the Polish government spokesman has said.
Vaccines for the Omicron Covid variant will be available from September, the health minister has announced.
Inflation in Poland will probably reach its peak either in the 3rd or 4th quarter of 2022 and then will start to fall, a deputy finance minister has said.
Poland's Harmonised Index of Consumer Prices (HICP) rose to 12.8 percent year on year in May 2022, against 11.4-percent growth in the previous month, Eurostat, the European Union's statistics office, reported on Friday.
Poland's economic growth will weaken to 3.2 percent in 2023 from the 3.8 percent expected this year, while inflation will ease from this year's 9.1 percent to 7.8 percent in 2023, the government has assumed in budget guidelines.