RPP member: rates to remain stable until year end
PR dla Zagranicy
A member of the rate-setting Monetary Policy Council (RPP), Jerzy Hausner, has said that a hike in interest rates is extremely unlikely.
Photo: Radio Poland
“If someone is today building their economic calculus based on an assumption of the permanence of the current interest level, when it comes to the nominal [interest rates] level, one can – in my opinion – rest assured over the course of more or less one year,” Hausner told the PAP news agency.
“But later the new RPP will certainly have to consider a rate hike,” Hausner added.
The benchmark interest rate in Poland stands at a record-low 1.5 percent, much higher than the ECB reference rate of 0.05 percent. (rg)
Source: Reuters, PAP