The head of the Central Bank was asked whether if in September it turned out that energy prices would be frozen from October to the end of the year, whether in October the MPC could consider a reduction in interest rates or whether there would be a longer break in the reductions.
“Freezing in some form (…) electricity prices would be an important element – very much. Perhaps after calculating it will come out that this is a reduction in the feet, with high probability, I would say, another reduction in interest rates, because this uncertainty would be removed,” said Glapiński.
He stipulated that this is not the only factor in favor of a reduction, but very important. “This fact itself (…) can actually be such an element. (…) The answer is: yes” – he added. He pointed out that other signals were observed, apart from energy, he also mentioned wages.
At the end of August, a project was published on the website of the Government Legislation Center by the Ministry of Energy, extending the maximum price mechanism for electricity at the level of PLN 500/MWh for households by the end of this year. The plan also includes the introduction of a heating voucher.
Earlier, President Karol Nawrocki vetoed a law freezing the current prices, which this solution was attached at the stage of parliamentary work to the so -called windmill act. On the same day he submitted his own bill in the Sejm, which extends the freezing of electricity prices. It contains exactly the same provisions that were in the vest.
