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Polish rates may remain at current level for many months, says c.banker Maslowska

Friday, November 18, 2022
Polish rates may remain at current level for many months, says c.banker Maslowska © Reuters. FILE PHOTO: A logo of the Polish Central Bank (NBP) is seen on their building in Warsaw, Poland, September 8, 2022. REUTERS/Kacper Pempel/File Photo

WARSAW (Reuters) - There is a chance that Polish interest rates could stay at their current levels for many months, central banker Gabriela Maslowska wrote in an article published by Radiomaryja.pl.

The National Bank of Poland (NBP) left its main interest rate on hold at 6.75% in November, second month in a row.

Maslowska wrote that the decision to keep interest rates unchanged was justified.

"I believe that there is a chance that interest rates will stay at the current level for many months. If this actually happened, it would give the MPC members the comfort of observing the effects of the previous hikes, which affect various types of economic processes with a time shift of several quarters," Maslowska wrote.

"Keeping interest rates at the current level for many months would have the advantage of introducing an additional element of stability to our economy," the MPC member added.

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02-12-2022 20:50:27 (UTC+7)

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 GBP/USD1.2161↑ Sell
 USD/JPY135.74↑ Buy
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 USD/CAD1.3493Buy
 EUR/JPY141.74Neutral
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 Gold1,795.80↑ Sell
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 Crude Oil WTI81.02↑ Sell
 Brent Oil86.65↑ Sell
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 US Coffee C162.10↑ Sell
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 Allianz201.9↑ Sell
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 Lufthansa7.689Neutral
 Siemens AG133.2Buy
 Deutsche Bank AG9.937Neutral
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