January 27, 2023 08:17 GMT
NBP's Maslowska Says There May Be Scope For Rate Cuts Near End-2023
- NBP's Gabriela Maslowska suggested that she sees signs of a decline in inflation expectations. She wrote in an article for radiomaryja.pl that this process is not mature yet, which means that there is a risk of a return to monetary tightening, although the odds are high that it will be possible to avoid it. She sees a chance that the room for interest-rate cuts opens in 2024 or potentially near the end of 2023, adding that any initial cut would likely entail a phase of monetary easing.
- The lower house of parliament rejected all of the amendments to the budget bill submitted by the Senate and approved legislation in its initial form, sending it to the President for his signature.
- CNN and NBC reported yesterday that U.S. President Joe Biden is considering a trip to Europe to mark the anniversary of Russia's invasion of Ukraine, with multiple locations under consideration including Poland.