Experts predict record low inflation rate will lead to lower interest rates

Inflation in Poland decreased in October to 4% annually from 4.3% in September. The price of fuel decreased by 13.7% in comparison to October of last year while the prices of consumer goods and services increased by 0.4% in comparison to September of this year. Food prices increased by 0.6% which is higher than the general indicator of inflation. "I think that the inflation data is a signal showing that the inflation situation is under control, and thus there is room to maneuver in monetary policy," said National Bank of Poland (NBP) vice president Andrzej Bratkowski. Marcin Mroz, an economist at SG Bank in Warsaw told Reuters that, as there are no fundamental reasons against decreasing interest rates, they may be decreased as much as 100-150 points by the end of this year. (Prawo i Gospodarka, p. 3)