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Friday, July 18, 2025

Interest rates. There is a proposal for a large increase, there are voting results

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The Monetary Policy Council during the January meeting again rejected the application for an increase in interest rates by 200 base points, which was supported only by Joanna Tyrowicz. Others present at the meeting were against – NBP said. Other applications were not submitted.

Tyrowicz submits applications for a rate of foot by 200 base points from November 2023.

In January, the MPC kept her feet unchanged, including reference – 5.75 percent. The same decision was made during the February meeting. The MPC declared that its further decisions will depend on the information about perspectives coming inflation and economic activity.

– There are currently no reasons for changing interest rates from the point of view of inflation trends – explained NBP president Adam Glapiński during a press conference. He added that the MPC must pursue monetary policy in such a way as to prevent the consolidation of inflation at an increased level.

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MEP members with interest rates

A member of the MPC Iwona Duda assessed a few days ago that if interest rate reduction In general, they would appear in 2025, it would be a space for this only at the end of the year, and the scale of politics mitigating would be small. – Please note that even in our region some central banks from Central and Eastern Europe after slowing down the decrease in inflation, they refrain from further foot reductions or even correct the feet up. In Poland, we would not like to increase interest rates, so we must keep them at the current level for longer to bring inflation to such a trajectory, so that we are sure that it will be shaped in a lasting inheritance trend and heads to the inflation target in the medium period – then you will be able to think about reductions – said Duda in an interview with PAP Biznes.

Read more: When is the interest rate reduction? There is a voice from the MPC >>>

Another member of the MPs Ludwik Kotecki, quoted by “Puls Biznesu”, said a few days ago that in his opinion, interest rates will take place at the beginning of the third quarter, at the latest in September.

“In my opinion, this will happen this year, although President Adam Glapiński is now eating from it. It will happen at the beginning of the third quarter, at the latest in September. In my opinion, the scale of reductions is a minimum of 50 base points, because there is space for it. It could be 100 points, but it could be difficult this year” – said Kotecki quoted by “PB”.

Source of the main photo: Piotr Malecki/Bloomberg via Getty Images



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