MPC will have to make a few more rate hikes of 25bp - Borys, PRF

The Monetary Policy Council (MPC) will still have to raise rates a few more times by 25bp, mainly because of the Fed's policy, Pawel Borys, president of the Polish Development Fund (PFR), told TVN 24.

"The MPC will still have to raise rates slightly, but this is less about the inflation situation and more about the global situation. We need to make sure the zloty is stable," he said.

"We may have to raise rates by another 25bp," he added. 

Source: PAP