Rate cuts not certain yet - Chojna-Duch

The Monetary Policy Council (RPP) may cut interest rates again at its November meeting, but the decision is not certain yet, the council’s member Elżbieta Chojna-Duch told the Polish Press Agency in an interview. “There is still room for rate cuts in November,” the central banker said. “But is has narrowed a lot after the October reduction of the main rate by 50 basis points.” “In my view the topic is still open and nothing is decided yet,” she added. “In my opinion it is worth considering what the consequences of the previous rate cut will be. It is also worth analyzing the current data.” The RPP will meet to decide on further monetary policy moves on November 4-5.