March 21, 2023

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Another vote from the Monetary Policy Board.  A sharp increase in interest rates?  "there is no place"

Another vote from the Monetary Policy Board. A sharp increase in interest rates? “there is no place”

Inflation broke out in September Another record: 17.2%. The Monetary Policy Council – and in particular NBP Chairman, Adam Glapinsky – has to deal with the following critics’ votes. Also from MPC itself, including. from the professor. Joanna Tyrowicz.

The council member recently came out strongly in favor of Raise the interest rate by up to 100 basis points. According to the economist, such a move and a change in MPC communication are necessary to restore the effectiveness of monetary policy in Poland.

a. Cesare Kochalsky was asked on TVN24 “Fakty po Faktach” if he agreed with the above opinion. The answer can satisfy the professor. Adam Glapinsky.

The rest of the article is below the video

See also: The disastrous result for Poland. In terms of inflation, we will be among the African countries

No drastic increases in interest rates, no rampant inflation

– We are in front of the so-called forecast for November, which will highlight the main economic parameters and then it will be easier for us to discuss possible changes, said the economist.

Requested, Do you see room for significant increases today?He answered no. Although there is no room for any growth. – Because if we look at the so-called output gap closes – said the professor. Kochalsky.

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