Interest rates to increase within one month

Several months ago some believed that the Monetary Policy Council (RPP) would maintain interest rates at 4% for the rest of the year. However, fast economic growth and the relative risk of inflation growth has changed their minds. "Interest rates will increase in April," said Remigiusz Grudzien, an economist with PKO BP, "It will be due to the current inflation rate which probably increased to 2.4% in March, as well as the prospects for the economy and the inflation projection which will probably point to inflation growth." Economists are expecting that after the inflation rate increase which took place in March, inflation will become stable but not for long. "At the end of the year the inflation rate will rise again to 2.6%," claims Marcin Mrowiec, an economist with Bank BPH. (Puls Biznesu, pp. 1, 8) E.B.