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RPP member: rates to remain stable until year end

PR dla Zagranicy
Roberto Galea 22.06.2015 10:57
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 PolandPhoto: 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

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