Interest rate hike likely as wages continue to rise

Economists have no doubts that such a decision will be made. "The Council can no longer postpone this decision, because the threat of inflation is growing and action must be taken," said Bank Millennium economist Grzegorz Maliszewski. According to the Main Statistical Office (GUS) wages in October in the enterprise sector grew by 11% as compared to 2006.  According to analysts there will be three to four interest rates increases within the next 12 months. (Dziennik, The Wall Street Journal Polska, p. 2) A.K.