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Governor Glapinski Says Inflation Could Reach Target In March

NBP

NBP Governor Adam Glapinski says that disinflation will be faster than implied by the central bank's November projection in 1Q2024 and reaching the +2.5% Y/Y +/- 1pp target in the coming months is on the table.

  • Glapinski notes that the NBP's model implies that headline inflation will be around +3.0% Y/Y in March, but there is some uncertainty around this forecast and hence it could reach the +2.5% target or even print slightly below there.
  • However, the Governor warns that the situation will become more complicated further down the road.

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