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Central Banker Tyrowicz Says Need To Raise Rates To More Than 10%

POLAND
  • Polish Central Banker Tyrowicz says argument that inflation caused just by war in Ukraine is 'absurd'
  • Tyrowicz says big space for rate hikes
  • Tyrowicz says we need to raise rates by several percentage points
  • Tyrowicz says rates should rise to more than 10%
  • Tyrowicz says CPI will not return to target within 2 years (All Reuters)
  • Local press noted that Poland's food prices spiral is winding up, as cost of food basket in September was higher by 24.1% on average y/y, Parkiet and Rzeczpospolta sister dailies write quoting the survey by UCE research and WSB Universities.

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