NBP keeps inflation target at 2.5% +/- 1 p.p.

National Bank of Poland (NBP) plans to keep inflation target at 2.5 percent with a deviation range of 1 percentage point, according to assumptions of monetary policy for 2019. Escalation of global trade disputes is the main risk factor for the Polish economy, NBP stated.

NBP believes that the global economic situation in 2019 will remain favorable, although activity growth in the Polish economy is likely to be slightly lower than in the current year. Polish GDP dynamics will decrease in 2019, while private investments will increase, the bank estimated.

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