Polish Central Bank May Raise Interest Rates Again
8 Articles
8 Articles
According to Ludwik Kotecki, a member of the monetary council of the Polish central bank, an interest rate hike could come this year or early 2027 if the November inflation forecast predicts a sustained currency depreciation of above 4 percent. The central bank has kept the key interest rate unchanged at 3.75 percent for six months, and no change is expected in October. Polish inflation accelerated to a 14-month high of 3.4 percent in August, wh…
There are no signs of any changes in interest rates anytime soon, said NBP President Prof. Adam Glapiński.
Judging by the tone of the statements of the MPC members and the discussions during the meeting, there are no signs of interest rate changes anytime soon, NBP President Adam Glapiński said on Thursday.
– Judging by the tone of the statements of the MPC members and the discussions during the meeting, there are no signs of interest rate changes anytime soon – NBP President Adam Glapiński said on Thursday.
As is tradition, the day after the Monetary Policy Council's decision, NBP President Adam Glapiński will attempt to explain the reasons behind it. As widely expected, the Monetary Policy Council left NBP interest rates unchanged at its September meeting. However, with each week of war in the Middle East, the situation becomes increasingly unpredictable.
"There is a real risk of exceeding the NBP's inflation target in the coming months," said central bank President Adam Glapiński, adding that fuel prices were the main culprit behind the current rise in overall prices. "We are fortunate that food is cheaper than a year ago. And agricultural commodity prices are moderate. If it weren't for this, the situation would be worse," he said. He also admitted that interest rate changes "are not in the car…
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