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Free AccessGlapinski Says CPI Inflation Will Ease To +7.4% Y/Y In November
NBP Governor Adam Glapinski has started his press conference in the wake of yesterday's monetary policy decision by the central bank's Monetary Policy Council.
- The official says that inflation will ease "very quickly" to the target while CPI growth will cool more than suggested by the new macroeconomic projection.
- He expects that inflation will decline by around 10pp this year and we will see single-digit outturns at the year-end, at the cost of slower economic growth.
- Glapinski plays down recession concerns, noting that the economy will likely experience a soft landing, before returning to growth.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.