Hausner: Growth will support rate hikes

Poland’s GDP will grow at over 3 percent year-on-year throughout 2014, Monetary Policy Council (RPP) member Jerzy Hausner told Rzeczpospolita in an interview. He thus upheld his earlier forecast. This will require monetary policy tightening starting from the second half of this year, he explained. If the NBP’s March economic forecast confirms the growth scenario, the RPP will start thinking about future interest rate hikes, he said. However, it is not only the growth projection that matters, Hausner said. If the projection shows hazards related to inflationary pressure, there will be no reason to change interest rates, he explained.