Poland's economy to take long time to recover at current interest rates, says MPC member
At the current interest rates, the Polish economy will take a long time to recover and the transfer of the macro situation to the MPC votes will only be possible after inflation and wages normalise, Poland's Monetary Policy Council member Joanna Tyrowicz assessed in a post on LinkedIn.
"At current interest rates, the economy will take a long time to recover. Whether it takes a few months more or less (...) is not particularly relevant. If the new data turns out to be systematically better than forecasts? I don't know about others, but I'll just be glad!," Tyrowicz wrote.
"But even if that was already the case, we'll only know with a high enough degree of probability after a while. And only when we return to normality in prices (and probably wages, too), we will we be able to breathe a sigh of relief (and transfer that relief to votes). Not earlier," she added.
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