Poland's inflation is expected to fall further, but at a slower pace than to date, the central bank's governor, Adam Glapinski, has said.
Poland's Monetary Policy Council (MPC) kept interest rates unchanged due to uncertainty about future economic policies and their possible influence on inflation, the council said in a statement released following its November sitting.
The value of the Polish zloty rose to PLN 4.43 to the euro on Wednesday afternoon following the unexpected decision by Poland's Monetary Policy Council (MPC) to leave interest rates unchanged.
Poland's Monetary Policy Council (MPC), the Central Bank's rate-setting body, has kept interest rates unchanged.
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The National Bank of Poland (NBP) prefers to act gradually on interest rates, with potentially several minor cuts rather that a single larger one, the central bank's governor has said.
Mateusz Morawiecki, the Polish prime minister, has praised the Central Bank’s rate-setting Monetary Policy Council (MPC) for cutting interest rates, saying monetary policy must be independent from politics.
The Polish Central Bank’s rate-setting Monetary Policy Council (MPC) announced a cut of 25-bps off the reference interest rate, bringing it to 5.75 percent on Wednesday but it is excepted to be cautious about making further cuts owing to potential risk to the Polish zloty.
Poland's inflation rate may drop below 7 percent in the coming months, deputy Minister of Finance Artur Soboń said on the X.
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