NEWS
03/06/2026
15:52
Glapiński on the MPC's Stance:
The Current Interest Rate Level is Good and There is No Reason to Change It.
- Inflation has slightly decreased, GUS (Central Statistical Office) reported lower inflation than everyone expected, it's hard to interpret this otherwise than as an element that reduces the probability of a hike - said Adam Glapiński at a press conference, when asked whether the probability of interest rate hikes has decreased since the May Monetary Policy Council (RPP) meeting and whether stabilization of interest rates until the end of the year is more likely, or their increase.
- In the Council's conviction, the Council has authorized me to say this in any case: the current level of rates is good, it is appropriately high to stabilize inflation in the current conditions, and there is no reason at the moment to change this level or discuss its change - he continued.
- If all factors remain unchanged, then the conclusion is obvious. [...] Maintaining the conditions that are currently more or less comparable [...] these rates are good. This level of rates is good. A sufficiently high level, but not so high as to stifle economic development - he went on to say.
- We are disregarding something like the outbreak of a new war [...] if oil and consequently fuel prices were to increase permanently and if the government were to cease [...] supporting these prices at a lower level, then, of course, such a discussion would emerge. Immediately - he added, when asked under what conditions the RPP would be inclined to consider interest rate hikes.
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