The odds are on that the RPP will not raise interest rates this month

Market watchers believe that rates would be left unchanged with the basic NBP rate - the so-called referencing rate at 6.5%. "Recent data has proven once again that economic growth has not been translating into wage increases so far. Additionally, industrial output growth is fuelled thanks to exports and due to domestic demand," said Wojciech Kurylek, Kredyt Bank economist. He added that the RPP's latest announcements suggest they have noticed decreasing inflationary pressures, which might increase over the longer term. (Puls Biznesu, p. 8) M.M.