Goldman Sachs: reference rate in Poland up to 3% in the first part of 2022

The reference rate in Poland will be raised to 3 percent in the first part of next year, assessed by the investment bank, Goldman Sachs. According to the bank's experts, the Monetary Policy Council (RPP) will focus on reducing inflation in the coming months.

On Wednesday, the National Bank of Poland informed that the RPP raised the NBP interest rates by 0.50 percentage points. percent The reference rate is 1.75 percent on an annual basis, and the Lombard rate at 2.25 percent on an annual basis. The resolution of the RPP in this matter entered into force on December 9 this year.

According to Goldman Sachs, due to Wednesday's decision of the RPP to raise interest rates by 50 bp and expected further increase in inflation in the near future, the Bank's experts expect that the Council will focus on reducing inflation in the coming months.

"As we expect a further rise in inflation next month, followed by a gradual decline in inflation, we believe that the NBP will continue to tighten its policy in the coming months," the authors of the forecast indicated.

(PAP)