20th October 2011
Thursday, May 17th, 2012
Poland's monetary policy makers likely to keep interest rate steady
During the October meeting of Poland's rate-setting Monetary Policy Council (RPP), one of its members, El¿bieta Chojna-Duch, said interest rates would “certainly” remain unchanged for the remainder of the year, Parkiet reported.
Ms Chojna-Duch said a number of RPP members expect rates to remain steady for the next few quarters. Others said a rate hike was more likely than a cut.
The RPP aims for an inflation rate of 2.5 percent while Ms Chojna-Duch herself is in support of maintaining the current headline interest rate of 4.5 percent until the end of 2011.
From Warsaw Business Journal
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