As the economicist who is one of the monetary policy responsible for monetary policy in Poland points out, macroeconomic data fill with optimism.
“We just have faster disinfection – it's first and most importantly. And what's more, it does not result from one -time factors that unexpectedly appeared and reduced inflation in a given month or for a short period” – explains Kotecki.
We would like to remind you that the last reading of inflation for May turned out to be slightly lower than the quick respect from two weeks ago and, according to GUS, prices increased by only 4 percent. year on year.
According to Kotecki, in the following months we will see the “three” at the front, and inflation will slowly fall to the target, which is 2.5 percent in Poland.
“I expect that soon, From July, we will permanently have inflation below 3 percent. We will find out initially at the end of July, and later it will be officially confirmed by the Central Statistical Office. However, all available forecasts indicate this, “said WNP Kotecki.
Let us remind you that in May the MPC decided to reduce interest rates by 50 base points. From that moment, the reference rate is 5.25 percent.
– Keeping interest rates at increased levels for too long has a chilling effect for the economy. They begin to have a negative effect on economic growth. High feet cause that the economy does not use the loan as much as it can be without risk for stable inflation – notes Ludwik Kotecki.
