Raising interest rates by 25 bps doesn’t change anything, firmer decisions needed – Kotecki, MPC

A one-time interest rate hike of 25 basis points does nothing, firmer decisions are needed, said a member of the Monetary Policy Council (MPC) Ludwik Kotecki.

"A one-time 25-point interest rate hike, in my view, will not do anything. Firmer decisions are needed. Otherwise, we will be facing inflation for several more years. And these costs are enormous, destructive, probably not yet realized by the majority of the population," - said Kotecki in an interview with Dziennik Gazeta Prawna.

Source: ISB News