Interest rates in Poland.  Adam Glabinski spoke

— It was a widely expected decision, said the head of the National Bank of the National Bank about the June decision of the Monetary Policy Board. He pointed out that since February 2024, inflation has been within the central bank’s target, but this will not be a permanent situation.

As he explained, Maintaining high interest rates was necessary to bring inflation down from double-digit levels, and remains necessary. The Monetary Policy Board focuses on keeping inflation as low as possible. (…) Unfortunately, we expect inflation to rise in the second half of the year, he said, adding that at the end of the year, with the partial freezing of energy prices, price dynamics will rise to 5.2%.

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