NBP president warns of interest rate hike after June inflation rate jumps 0.8%

The inflation rate in June increased for the second month running. Experts did not expect the prices of goods and services would jump 0.8%. The increase brought the year-to-year inflation rate to 10.2% versus 10% in May. Analysts forecast the inflation rate in July will be 10.5%. The National Bank of Poland (NBP) president Hanna Gronkiewicz-Waltz said an interest rate rise may come after the rate-setting Monetary Policy Council (RPP) sets its 2001 inflation rate target in August, as it was probably too late for any hike to affect inflation this year. (Prawo i Gospodarka, page 1, Reuters) A.D.