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Free AccessGlapinski Says Inflation May Reach Upper End Of Target Range In 2024 Or 2025
Moving to a discussion of the outlook for the Polish economy, Governor Adam Glapinski says that headline inflation should reach the upper end of the +2.5% Y/Y +/- 1pp target range in 2025. He adds that some analyses suggest that this could be achieved earlier, possibly next year.
- Echoing the MPC statement, the Governor describes yesterday's move in rates as an "adjustment" amid falling inflation. He says that the NBP now moves to a "wait-and-see" stance and will shape monetary policy depending on how the macroeconomic situation develops.
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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.