There are no grounds for another interest rate cut - MPC

Przemysław Litwiniuk, an MPC member, stated that there is no basis for another interest rate cut. His comments come after the Monetary Policy Council lowered rates by 25 basis points in October to 5.75%, following a September cut of 75 basis points.

"We will find out from the November projection whether there will be grounds to tighten policy," Litwiniuk said. He added that with the first signs of economic recovery, the increase in consumption will impact the path of disinflation. "The curve illustrating the disinflation path designed so far will be less sharp and not as ambitious as previously assumed," he explained.