Inflation is expected to grow in H1 2019

The majority of Monetary Policy Council members estimated that inflation in H1 2019 will increase, but will be close to the inflation target (2.5 percent y/y +/- 1 percentage point), according to "minutes" from the meeting published by the National Bank of Poland (NBP).

Higher inflation would be driven mainly by higher energy prices and more expensive carbon dioxide emission allowances, Council members said. Some of them added that rise in energy prices may increase inflation also in the longer term.