September 29, 2022

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MPC member reveals on Radio Marija what to do with raising interest rates

MPC member reveals on Radio Marija what to do with raising interest rates

It looks like the first Clearly, the incentive for higher inflation will diminish. (…) Economic growth in the second quarter was obviously more than 5% year on year, but the quarterly decline was 2.3%. This shows that the economy is already slowing in various places. Dramatic collapse in mortgage interest. (…) The situation (…) does not leave much freedom for the MPC to make decisions. I think that, of course, the Poles will have to account for some price hikes. Some say, I mean the effects of the next decision-making meeting at the beginning of September, maybe even in October. It looks like the end of the interest rate cycle that has been going on since October 2021 is now approaching– said Henrik Wonovsky, MPC member of Radio Marija, his words were quoted by PAP Biznes.