Poland should not fear deflation - expert
Poland is under no risk of deflation, understood as a long-term and persistent decline of prices, Andrzej Raczko, management board member at the National Bank of Poland, told the Polish Press Agency in an interview.
“A short-term decline of the price index, related to seasonal factors, is not deflation, of course,” Raczko said.
Actual deflation is unlikely in Poland because of fairly high wages growth, which supports consumption, the economist said. Polish households are also unlikely to increase the amount of money they save, he added.
