The Monetary Policy Council (RPP) will cut interest rates by another 0.25 percent during their upcoming meeting starting this coming Tuesday, say financial analysts surveyed by Rzeczpospolita. If that should happen, Poland’s key interest rate would fall to 4 percent. Although word is out that the cuts may be deeper, as with each month, supporters of more aggressive moves are gaining ground.
The RPP is also experiencing increased pressure from the Ministry of Finance. Wojciech Kowalczyk, deputy minister charged with managing Polish debt, recently stated quite bluntly that the ministry expects speedier rate cuts and relaxation of a “heavily restrictive” monetary policy. Analysts feel that will the RPP will continue with at least two rate cuts and the key interest rate will reach 3.5 percent by mid-year.
From Warsaw Business Journal
RPP member: Small wiggle room for rate cuts
Moody's: interest rate cuts negative for Polish banks
No surprise: RPP cuts main rate to 2.75%
RPP cuts main rate to 2.75%, as expected
Poland's manufacturing PMI rises, signals downturn is easing
Donald Tusk the social democrat?
BY Remi Adekoya
The growing importance of the Arctic Council
BY Stratfor Global Intelligence