Experts suggest retail sales and low industrial output could spark rates rise

However, they do not exclude the possibility that the Monetary Policy Council (RPP) might increase interest rates during its two-day meeting, which begins today. "We have grown accustomed to surprises from the Monetary Council, so any option is possible. Macroeconomic data works in favor of a slight increase in the rates," said Bank Handlowy's Katarzyna Zajdel-Kurowska. Maciej Reluga, from BZ WBK, believes that falling food prices at the beginning of September might be an important issue, but there is a strong threat of remuneration inflation, while retail sales and industrial output do not work in favor of loosening monetary policy. Because of this the majority of analysts are convinced that the RPP may increase interest rates by 0.25-0.50% on Wednesday. (Puls Biznesu, pp. 1, 6) M.M.