Glapiński: the central bank will consider no rate hike or a 25bp hike in October

The Monetary Policy Council (MPC) will consider no hike or a 25 basis points rate hike at the October meeting, the central bank’s head Adam Glapiński said. He emphasized that the MPC did not formally end the interest rate hikes cycle and added that further decisions will depend on the incoming data.

On Wednesday, the central bank raised interest rates by 25 basis points to 6.75%, marking the eleventh hike in a row.