16:01 17 June 2024
NBP: CPI inflation will increase, yet Polish economy rebounding
Marta Kightley, Vice President of the National Bank of Poland (NBP), anticipates prolonged elevated core inflation while foreseeing a temporary rebound in consumer inflation in the latter half of the year. She notes the NBP's cautious stance on interest rates due to persistent high core inflation globally. Kightley remains optimistic about Poland's economy, describing it as slowly recovering. She expects consumer inflation to increase temporarily but projects it to return to target by 2025, as indicated in their March projections.
Despite challenges, including elevated core inflation, Poland's economy is seen as resilient, with recent inflation readings aligning closely with the NBP's target of 2.5%.
