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NBP Zyzynski Says That There Is No Need To Continue Aggressive Tightening

POLAND
  • NBP Zyzynski mentioned in an interview that there is no reasons to continue the aggressive tightening as war in Ukraine casts doubts about Polish March hike.
  • On one hand, hiking rates more aggressively could limit the PLN depreciation and therefore help anchor inflation expectations.
  • On the other hand, hiking too aggressively could accelerate the economic slowdown in the medium term.
  • As a reminder, NBP meeting on March 8 will be Zyzynski's last one.

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