Growth and inflation appear both on their way down

According to Rostowski, GDP growth will hit 5.5% this year before slowing to 5.0% in 2009, and there are no grounds for any downward revision. Meanwhile, minutes from the March meeting of the Monetary Policy Council (RPP) released yesterday added to arguments that inflation may return to within the central bank's target range sooner than expected and that the RPP may refrain from lifting interest rates at its meeting later this month. Last week, the Central Statistical Office published a raft of macroeconomic data that came below analysts' expectations. (Dziennik  - The Wall Street Journal Polska, p. 2) R.M.