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MPC's Litwiniuk Sees No Room For Monetary Easing With Inflation At Current Levels

NBP

Wires carry comments from NBP's Przemyslaw Litwiniuk, who told TOK FM radio that he saw no room for further interest-rate cuts with inflation staying at its current levels. Preliminary CPI data for November will be published at the top of the hour and may show that disinflation has paused this month.

  • Litwiniuk said that he believed that interest rates would remain unchanged at least until March. Other MPC members have signalled similar sentiment, as they will only receive an updated macroeconomic projection at that point.
  • The official said that headline inflation was likely around +6.6%-6.7% Y/Y in November, but more important information will be provided by the M/M reading.
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