There is still room for interest rate rises, but on a smaller scale than before – Monetary Policy Council

“There is still room for a possible interest rate hike, albeit on a smaller scale than before”, Monetary Policy Council (MPC) member Cezary Kochalski told PAP Business. He added that the prospect of a rate cut in 2023 cannot be ruled out, but this will depend, among other things, on the degree of economic slowdown.

“The MPC always says in its communications that it makes decisions based on incoming data.