If PMI drops below 50, rates could be raised – MPP Member

According to Eryk Łon, a Monetary Policy Council (RPP) member, the interest rates could be raised if the Purchasing Managers Index (PMI) drops below the 50 point threshold. In June, the PMI stood at 53.1 points. If that’s not the case, rates should remain unchanged in 2018 as well. “I think it is ra...

IMF tells Poland to control public finances

In its latest annual report on the Polish economy, the International Monetary Fund (IMF) said Poland’s government deficit would come in at 2.9 percent this year, while GDP growth will reach 3.6 percent. At the same time, IMF is urging Poland to cut spending and raise tax revenues if it is to avoid f...

Poland may need to raise rates in early 2018 – Gatnar

Poland may need to raise interest rates as soon as early 2018 because of risks to the inflation outlook or if real interest rates stay below zero percent for too long, member of the Poland’s Central Bank (NBP) and the Monetary Policy Council (RPP), Eugeniusz Gatnar told Parkiet daily.

MPC member: rate hike needed this year

According to the Monetary Policy Council (RPP) member Eugeniusz Gatnar, a rate hike might be needed in the second half of 2017 in order to stop accelerating inflation from discouraging domestic savings. “I believe that if real interest rates were to remain negative for a longer period of time, then ...

MPC to keep wait-and-see stance till end-2017

Poland’s Monetary Policy Council (RPP) will likely keep its wait-and-see approach until the end of the year, rate-setter Grażyna Ancyparowicz said, adding that hikes are a possibility afterwards.