New RPP leaves rates unchanged, but warns about hikes in future

In its statement the RPP said that it "does not exclude changing its stance to a restrictive one [from the presently neutral] at the next meeting." "This means that at this moment in time, interest rate hikes are more likely than cuts," RPP member Andrzej Sławiński explained at the press conference following the meeting. The złoty appreciated following the announcement, closing at 4.831 against the euro, as investors were assured that the RPP would guard the value of the Polish currency. (Puls Biznesu, p. 8) T.J.