Interest rate cut in the autumn would be a mistake - MPC member

The member of the Monetary Policy Committee (MPC), Przemysław Litwiniuk, assessed in an interview with the Wirtualna Polska that cutting interest rates in autumn would be a mistake and the MPC's attitude is “wait and see”. He added that the ever-lower difference between interest rates in Poland and the core markets carries a risk of zloty weakening.

Litwiniuk added that basing decisions on interest rate cuts solely on the basis of inflation falling to single-digit levels does not seem rational.