RPP member: rates should be hiked as soon as Q1 2018

According to Eugeniusz Gatnar from the Monetary Policy Council (RPP) interest rates should be increased early next year to offset rising inflationary and wage pressures. “If wage pressures rise in line with my expectations and inflation comes near the target then I would expect interest rates to be ...

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...

Locked content Central Bank head: no space for lowering interest rate

Speaking after a meeting of the monetary council (RPP), Adam Glapiński, the head of central bank NBP said that there is no possibility to commence lowering interest rates. He added that he expects GDP growth to stand at 3.1-3.3 percent in 2016. Glapiński said that he is considering an increase of in...

Locked content RPP leaves interest rate unchanged

In line with expectations, the Monetary Policy Council (RPP) has decided to keep interest rates unchanged. The NBP’s reference rate stands at 1.5 percent, the lombard rate at 2.5 percent, the deposit rate at 0.5 percent and the rediscount rate at 1.75 percent. In March 2015, the RPP lowered interest...

Locked content RPP leaves interest rates unchanged

In line with expectations, the Monetary Policy Council (RPP) has decided to keep interest rates unchanged. The NBP’s reference rate stands at 1.5 percent, the lombard rate at 2.5 percent, the deposit rate at 0.5 percent and the rediscount rate at 1.75 percent. In March 2015, the RPP lowered interest...