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NBP Expect CPI Growth to Fall "Significantly" in Q1

POLAND

Highlights from the NBP policy statement:

  • In 2024 Q1, annual CPI growth is likely to fall significantly, while the decline in core inflation will be slower.
  • In subsequent quarters, however, inflation developments are associated with uncertainty, related in particular to the impact of fiscal and regulatory policies on price developments, as well as the pace of economic recovery in Poland.
  • The Council judges that the current level of the NBP interest rates is conducive to meeting the NBP inflation target in the medium term.
  • NBP may intervene in the foreign exchange market.

Governor Glapinski will hold a press conference tomorrow at 1400GMT/15:00CET to explain the Council's decision. Click here to see the full policy statement.

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