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MPC's Tyrowicz Writes That Inflation In Poland Is Not Under Control

NBP

MPC's Joanna Tyrowicz wrote in a LinkedIn post that "we have no reasons to believe that inflation in Poland is under control" but "we have plenty of evidence that it is not under control in economies with lower inflation, in a weaker phase of economic activity and with inflation expectations anchored at the inflation targets of these countries".

  • Tyrowicz believes that the current global economic slowdown is systemic rather than cyclical and stems from a shift in consumption towards services as well as the energy transformation.
  • She believes that loosening monetary policy may increase employment at the cost of productivity, but none of these effects is strong, while GDP is unlikely to be affected.

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