Adam Glapinski, governor of the National Bank of Poland (NBP), has assessed that amid inflation forecasts it has become unlikely that the Monetary Policy Council (RPP), NBP's rate-setting body, will increase interest rates.
Inflation in Poland will go down from January's 17.2 percent to single-digit levels later this year, Adam Glapiński, president of the National Bank of Poland (NBP) has said.
Inflation in Poland will gradually decrease by several percentage points this year from its recent level of 17.2 percent, the Monetary Policy Council (RPP) said in a statement after its rate decision.
Poland's macroeconomic policy should just focus on bringing down inflation so it hits the central bank's target, a member of the rate-setting Monetary Policy Council (RPP) told an economic forum in Warsaw.
Adam Glapiński, head of the National Bank of Poland (NBP), has said that the country's interest rates are now at an adequate level following a series of rate hikes.
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.
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The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, increased the reference interest rate by 50 basis points to 2.75 percent on Tuesday.
Poland's interest rates should increase above market expectations owing to the latest macroeconomic data, Adam Glapiński, the governor of the National Bank of Poland, has told the Bloomberg agency.
A series of hikes by Poland's Monetary Policy Council (RPP) will boost the interest rate to 3.5 percent in July, a leading economic think-tank has predicted.
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