16:42 15 March 2023
NBP President: further interest rate hikes becoming less likely, but too early to discuss cuts
Adam Glapiński, President of the National Bank of Poland, stated in a letter read at the Banking Forum in Warsaw that further interest rate hikes are becoming less likely, but it is still too early to discuss any potential rate cuts.
He emphasized that the current uncertainty is too significant to declare the end of the rate hike cycle, despite the anticipated decrease in inflation.
Glapiński added that it is necessary to be certain that inflation will continue to decrease toward the inflation target, and in light of what is currently known, the present level of NBP interest rates should be considered appropriate.
Source: PAP Business
