At the meeting ending on Tuesday, the Monetary Policy Council will not change interest rates, economists believe. In their opinion, however, it is possible to change the rhetoric of the MPC.
The two-day meeting of the Monetary Policy Council ends on Tuesday. According to economists, the MPC will not change interest rates.
interest rates. What decision of the MPC?
– The MPC will not change interest rates at the June meeting, but we may be dealing with a change in the rhetoric of the Council – assessed the economist of ING BSK Adam Antoniak.
This was also noted by PKO BP analysts. The event of the week in the country will be the meeting of the MPC (Tuesday) and although we do not expect changes in the level of interest rates (the reference rate will remain at 6.75%), in our opinion it is possible to correct the meaning of the MPC communiqué, they wrote.
Recently, NBP president Adam Glapiński pointed out that the MPC had not decided to end the cycle interest rate increases. – If inflation If it breaks upwards from the corridor we predict, we are ready to react, but we are also ready to react the other way, if the scenario is exceptionally good – explained the head of the central bank during the April press conference.
interest ratesPAP
Interest rates in Poland
The MPC changed interest rates for the last time in September 2022. At that time, the interest rates were increased, and the main NBP reference rate was raised to 6.75 percent. Rates have remained unchanged since then.
Main photo source: Rafał Guz/PAP