RPP increase interest rates by 25 basis points

"Further inflationary and wage pressures might be observed," reads the announcement of the Council. At the same time, the RPP pointed at the recent activities of the government, such as the 9.3% increase in wages in the state-owned sector as the main inflationary threat. Despite that the cost of loans is increasing, the interest on deposits is not growing so rapidly. "It is natural in business that one increases revenues and tries to limit costs," said Małgorzata Krzysztoszek of Lewiatan. The highest burden will be borne by those with mortgage loans, whose cost of loans went up by 0.8% since February. Economists believe that only substantial increase in interest rates could stop the consumer boom. (Rzeczpospolita, pp. A1, B1; Parkiet, pp. 1, 3; Puls Biznesu, pp. 1, 7) M.M.