January 31, 2023 11:24 GMT
Wnorowski Sees Jan CPI Near +17% Y/Y, Plays Down Potential For Mortgage Holiday Extension
Poland's CPI inflation for January will likely print near the +17% Y/Y mark, NBP's Henryk Wnorowski told a regional unit of TVP state broadcaster. He noted that inflation should stay well below +20% Y/Y in February and start declining very visibly from March.
- "I expect a very good [CPI] reading [in January], slightly higher than +16.6% Y/Y [registered in December], but it may still be below +17% Y/Y, and if it exceeds +17% Y/Y, it will be only slightly."
- The official said that in his view inflation should ease to such levels by mid-2023 that the government will decide against extending mortgage payment holidays through 2024. The government suggested that an inflation rate of +12%-13% Y/Y or more could be a threshold for prolonging the credit vacations.