Higher inflation starts alarm bells ringing at RPP

The Council's two-day meeting begins today and some analysts expect an official change in stance from 'neutral' to 'restrictive' already this month, while others believe it is more likely to take place in May. Although no interest rate hikes are likely in the near future, they now appear less distant than a few weeks ago, when most economists expected the National Bank of Poland's rates to remain unchanged throughout this year. (Gazeta Wyborcza, p. 18) T.J.