monetary policy board On Thursday, at its meeting, it ordered a 75 basis point rate hike. From Friday 6 May Reference Rate NBP This would be 5.25 percent, the highest level since December 2008.
We will learn more about the decision of the Monetary Policy Council yesterday, Friday, after 15.00, during the scheduled conference of the President of the Republic. NBP Adam Glapinski.
interest rates increase
Cheap in Santander Bank Poland Grzegorz Ogonek said that most experts expected a rate hike as in April, by one percentage point. He added that the statement published after the board meeting did not include information that would explain the smaller scope of the rate hike.
More information from the country On the home page Gazeta.pl
Grzegorz Ogonek believes that another increase interest rates Doomed to fail. He predicts that in this cycle of increases, the NBP prime rate will be increased to 6.5 per cent.
PFR chief on interest rate hike
The head of the PFR, Paweł Borys, also commented on the interest rate increase. He told PAP that the rate hike was lower than it used to be MeansThe following movements can be made with smaller movements from 25 to 50 basis points – Bankier.pl reports.
Boris added that the market is pricing in an increase in interest rates to 7.5 percent. Within three months. However, he does not expect it to decline until 2024. He also estimates the peak economic inflation It will take place in the third quarter of this year
Future MPC decisions should be based to a greater extent not on current data, but those projected for the second half of 2022 and 2023
– said Bowie Boris.
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