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- Yesterday, NBP policymaker Gatnar said in an interview that he supports small, gradual interest rate hikes as inflationary pressures continue to intensify.
- On Wednesday, Kamil Zubelewicz mentioned that QE ultra-loose policy should be abandoned now as goals of polish bond-buying program have been 'more than achieved' Zubelewicz, seen as the central bank's top hawk, said that he is in favor of long-term, stable and conventional solutions in monetary policy. However, Zubelewicz added that 'a rate-increase motion will be passed only if submitted by the governor'.
- At this stage, the majority of the board is still in favor of keeping interest rates low as the uncertainty over the economic recovery remains elevated.
- NBP Governor Glapinski once again confirmed this week that it would be 'unreasonable to hike rates now' as he sees risk of slower recovery.
- Constitutional Tribunal to hold hearing into whether European Union law should take priority over the country's constitution on Aug. 31 (BBG).