The National Bank of Poland’s Monetary Policy Council (RPP) may extend its neutral policy stance in May, its member Jerzy Hausner said in an interview with Bloomberg. In his opinion, future projections made by the NBP are likely to show “faster economic growth without any noticeable acceleration in inflation.”
The RPP should consider extending its current rate guidance, Hausner said, “logically by another half-year,” or signal that there is a risk of an interest rate hike.
“Monetary tightening is somewhere out there on the horizon, most probably in the second half, although I’m not at all certain it will happen then,” the central banker said. “The later we raise rates, the better, because that would help keep the economy on a relatively strong growth path.”
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