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The Monetary Policy Council (RPP) of Poland's central bank is prepared to hike interest rates, but sees no need to do so now, a council member has said.
Poland's inflation is rapidly falling from its record-high level in line with the National Bank of Poland's (NBP) projections, the NBP head has said.
The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, has kept the reference interest rate at 6.75 percent.
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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