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Duda Stresses Data Dependency of Polish Central Bank

NBP
Highlights of commentary from NBP's Duda:
  • It seems that the next step should be their reductions, but for this, many conditions must be met. In her opinion, one should wait for the assessment of the persistence of inflation decline and watch the incoming data.
  • It will certainly be important whether the decrease in inflation is permanent [...] or whether we are reaching single-digit inflation.
  • On core inflation, Duda noted that "core inflation is also falling, of course it has a lower rate of decline, but it is a good sign to expect further downward trends also in this area"
  • She indicated that she expected a slight recovery in the Polish economy from mid-year.

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