Pundits ponder size of almost certain rate cut
And such notions appear to be reinforced by the wave of interest rate cuts across the world, poor prognosis for the global economy as well as previous announcements made by RPP members.
Yesterday, a key RPP member, Andrzej Wojtyna, confirmed that he expects to see a motion to lower interest rates. The only question is by how much? Although BRE Bank revealed a report which states that financial markets give a 70 percent chance that interest rates will be cut by 0.5 percent. "A significant cut would indicate that RPP believes that the situation is worse than markets earlier expected," said Wojtyna, suggesting that the size of the cut he will support is 0.25 percent.
Source: Rzeczpospolita (A.K.)
Yesterday, a key RPP member, Andrzej Wojtyna, confirmed that he expects to see a motion to lower interest rates. The only question is by how much? Although BRE Bank revealed a report which states that financial markets give a 70 percent chance that interest rates will be cut by 0.5 percent. "A significant cut would indicate that RPP believes that the situation is worse than markets earlier expected," said Wojtyna, suggesting that the size of the cut he will support is 0.25 percent.
Source: Rzeczpospolita (A.K.)
