Stable interest rates longer than expected – RPP ‘minutes’

During the April meeting of the Monetary Policy Council (RPP), the council agreed that interest rates should remain unchanged and that the likelihood that they will remain stable over the next quarters has increased, according to the “minutes” from the meeting published by the NBP. The majority of RPP members also stated that the period of maintain interest rates at the current level could be longer than previously expected, citing favorable GDP growth forecasts, even despite the anticipated slight slowdown over the next few years, and the expectation that inflation will remain within the NBP target level. “The current interest rates level helps the Polish economy remain on the sustainable growth path and allows it to keep macroeconomic equilibrium,” the minutes read.

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