Poland's rate-setting Monetary Policy Council (RPP) is unlikely to increase interest rates again as the hikes so far have had sufficient effect, an RPP member has said.
The Polish central bank's interest-rate hike cycle is not over yet, the bank's head, Adam Glapiński, said on Thursday.
Poland will experience a strong economic slump in 2023, the head of the country's central bank said on Thursday.
Poland's rate-setting body has argued that the 11 interest hikes it has carried out so far should be enough to bring down the consumer price index (CPI) amid weakening global sentiment and inflation falling across major countries.
The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, has kept the reference interest rate at 6.75 percent.
Poland's Monetary Policy Council (RPP), the Polish central bank's rate-setting body, believes that the current interest rate level is optimal, the central bank governor has said.
Poland's central bank, the National Bank of Poland (NBP), does not predict a recession in the country, but economic growth may fall to zero, the central bank governor has said.
Inflation in Poland will remain high in the short term, and its return to the central bank's target band will be gradual, the Monetary Policy Council (RPP) said in a statement after a no-change rate decision on Wednesday.
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