NBP raises its forecasts of inflation and GDP

The central path of the NBP projection assumes that CPI inflation in 2019 will amount to 2.0 percent, while core inflation will be at the level of 1.7 percent, as results from the July NBP projection. However, forecasts for 2020 predict its growth, respectively - up to 2.9 percent and 2.4 percent. In comparison to the March report, both inflation estimates and forecasts of GDP growth in 2019-2020 were raised. The latter is forecast at 4.5 percent (2019) and 4.0 percent (2020).

(PAP)