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HomeEconomyPoland's monetary policy should remain restrictive, MPC members say

Poland's monetary policy should remain restrictive, MPC members say

WARSAW (Reuters) – Poland’s Central Bank Governor Joanna Tyrowicz said monetary policy should remain tight until net inflation and wages converge to levels consistent with the inflation target.

“As long as net inflation and wages start to move closer to levels commensurate with the inflation target, it cannot be said that the central bank has done its job,” Tyrowicz told the PAP news agency.

“Basic duty calls for a restrictive monetary policy in such circumstances.”

Ludwik Kotecki, another member of the Monetary Policy Committee (MPC), is seen as Restrictive monetary policy, saying a rate hike would be a signal that the council remains concerned about rising prices. It’s not over yet,” Kotecki said in an interview published in newspaper Dziennik Gazeta Prawna on Wednesday.

Slow,” he added. Compared to February 16.4%.

Although the National Bank of Poland (NBP) has not officially closed the tightening cycle since

, Governor Adam Glapinski ) said further rate hikes were unlikely The market has been focused on when rates might fall.

Poland’s Monetary Policy Committee will hold its next rate-setting meeting on April 4-5. The main rate is 6. 75% since September.



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