RPP should cut rates twice – Zielińska-Głębocka

Poland’s Monetary Policy Council (RPP) should cut rates twice, in October and November, by 25 basis points each time, the council’s member Anna Zielińska-Glębocka said in an interview for TVN24 Biznes i Świat. The rate-setter believes that the RPP has received signals that the economic growth in Poland will be decent, but not as high as had been expected earlier. “There is no inflationary pressure. Deflation has surfaced,” she said. “I believe there is space for loosening monetary policy in Poland.” At its September sitting, the RPP kept the benchmark interest rate at 2.50 percent, for the 15th consecutive month.