Joanna Tyrowicz from RPP: Today, any reduction in interest rates is harmful to the Polish economy

Any reduction in interest rates today is damaging to the Polish economy, says Joanna Tyrowicz, a member of the Monetary Policy Council. In her opinion, if wages have indeed slowed down, the current rate may be enough to bring inflation down to the target.

Not all MPC members have made a "dovish" turn, following the example of President Adam Glapiński. Joanna Tyrowicz, who has been filing applications for interest rate hikes for a year and a half, believes that monetary policy cannot be relaxed yet.

Any reduction in interest rates today is harmful to the Polish economy - believes Joanna Tyrowicz, a member of the Monetary Policy Council (RPP). In her opinion, if wages have indeed slowed, then perhaps from now on the 5.75% rate will be enough to bring inflation to the target (2.5% +/- 1 percentage point).