Interest rates stable for now but RPP changes bias from neutral to restrictive

Such a change means that should the RPP alter interest rates, it is more likely to increase the them than cut them. To date, interest rates have remained unchanged at 5.25% since June last year. Market analysts are generally of the opinion that following EU accession, prices for many goods will increase and this has led to fears of increased inflation. If the RPP decides to increase interest rates at its forthcoming meeting, it will be done in accordance with market expectations. The last time interest rates were increased was four years ago, in August 2000. (Parkiet, p. 7) A.K.