Glapinski Says NBP Sees No Risk Of Core Inflation Remaining Elevated

NBP Governor Glapinski tells his press conference that the central bank does not expect core CPI inflation to remain elevated, based on the most recent signals included in the latest macroeconomic projection.

• Glapinski suggests that core inflation "always" tracks headline inflation and the two measures of price pressures are expected to ease. He notes that core inflation will follow headline inflation lower with a slight lag.
• The ongoing calls by hawkish MPC members to raise interest rates have been partially motivated by concerns that core CPI could become entrenched at elevated levels.