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RPP

Further rate hikes rather unlikely, says central bank head

Tytus Żmijewski/PAP

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.

Poland to see single-digit inflation this year says central bank head

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.

Poland's inflation to go down gradually says rate setter

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.

Macroeconomic policy should focus on inflation says RPP member

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.

Central bank head says interest rates are adequate

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.

Rate setter says paused hikes will drive down inflation

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.

Today’s news round up in Poland

Start your day with a summary of today’s top stories from Poland’s leading news sites.

Poland's central bank raises reference interest rate by 50 bps

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.

Polish interest rates should be higher central banker says

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.

Polish interest rates to reach 3.5 pct by July - analysts

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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Life

Lublin chef joins ‘cooking show royalty’ in ultimate challenge for title of Top Chef World All-Star

VIDEO: Gleaning contestants from 16 countries, 32-year-old Sylwia Stachyra faces stiff competition from her fellow professionals, all of which have previously either won or appeared as finalists on national or localised editions of the show.

The first report:

  • Poland's average corporate wage up 13.6 pct y/y in Feb. - stats office
  • EC approves funding for gas transmission pipeline
  • PM says Poland is not understood, discriminated against by EU
  • Poland sees huge increase in small photovoltaic output
  • Security chief says detained spies had not acted for long

Exclusive

Rzeszów scientists develop phone battery that charges in eight minutes and lasts 68 YEARS!

Produced by The Batteries, the new technology has already been dubbed “a game changer” by the industry press, with the firm hoping to begin large-scale production once work on their “pilot factory” is finished.

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