MPC: no more rate cuts

Bogusław Grabowski, a member of Polish Monetary Policy Council, said on Monday that disinflation had ended in Poland and now was not the time to talk about further interest rate cuts. Grabowski forecast that inflation would end this year at between 2.0 and 2.2%, after annual price growth ticked up to 0.8% in June from 0.4% in May. (Reuters)