Polish c.bank governor says no decision on ending rate-hike cycle
By Anna Koper
WARSAW, Dec 8 (Reuters) - Poland's Monetary Policy Council (MPC) has made no decision about ending its tightening cycle, the central bank governor said on Thursday, as he reiterated that the series of rate hikes was paused rather than definitively finished.
Wednesday's decision to leave the main interest rate unchanged at 6.75% was the third time in a row the MPC has decided to hold fire, and markets had been looking for signals that talk of further hikes was off the table for good.
"We are still on hold," central bank governor Adam Glapinski told a news conference. "The Council... did not discuss whether to end the rate-hike cycle or not."
He said that in the MPC's opinion the current level of interest rates was "optimal".
Glapinski said he expected inflation would start to fall in March or April after rising at the beginning of 2023.
In November, inflation fell to 17.4% year-on-year from 17.9% the previous month, according to statistics office data.
Glapinski said that he hoped the central bank's next set of inflation projections, to be published in March, would point to inflation fading away.
"I hope that... we will be convinced that finally we are in a lasting decline in inflation," he said. "Then there will for sure be such a discussion in the Council.. whether to end the rate-hike cycle."
Analysts polled by Reuters expect rates to stay on hold until the end of 2023, but Glapinski would not be drawn on when he thought borrowing costs could start to fall.
Reporting by Alan Charlish, Anna Koper, Pawel Florkiewicz, Anna Wlodarczak-Semczuk; Editing by Alison Williams and Elaine Hardcastle
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。