Poland sees inflation declining faster than expected and the economy growing below estimates so the interest rates have been adjusted, Adam Glapiński, governor of the central bank (NBP) told a press conference following a surprising interest rate cut to 6 percent.
An expert from the think tank the Polish Economic Institute (PIE) has called Wednesday’s interest rate cuts “surprising”, adding that that by the end of next year rates would fall to around 5.25 percent
Poland's Monetary Policy Council (RPP) cut its reference rate by 75 bps to 6.00 percent, totally defying the expectations of the majority of economists of a 25-bps cut, the RPP said following its September sitting.
Poland’s rate setting Monetary Policy Council (RPP) should adopt a wait-and-see policy and refrain from cutting interest rates in the autumn, Przemyslaw Litwiniuk, a member of the council, told the news web service Wirtualna Polska.
Poland's CPI inflation will surely go down to single digits in September, a deputy finance minister has said.
Interest rate will "almost certainly" go down this year, the head of the state-run Polish Development Fund (PFR) Group has said.
Poland's Monetary Policy Council (MPC) decided to formally end the tightening cycle, with interest rates cuts possible in September once conditions are met, Adam Glapiński, the governor of the National Bank of Poland (NBP), said on Friday.
The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, has kept the reference interest rate at 6.75 percent.
Two members of the Polish central bank’s rate-setting Monetary Policy Council (RPP) have expressed conflicting views on the possibility of interest rate cuts this year.
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