Poland's MPC sees room for further interest rate cuts; to take wait-and-see approach
If the positive data continues, there is room for further interest rate cuts in Poland, Poland's central bank NBP governor Adam Glapinski told a press conference on Thursday following the MPC's decision-making meeting.
"It may be that there is (room for further rate cuts - MI), this room exists, and it depends on how we see the coming quarters. We will make decisions from meeting to meeting (...)," Glapinski stressed.
"If the good data continues, perhaps there is (room for further rate cuts - PAP). Please remember that in November we will be after our (inflation - MI) projection," he added.
He added that the October cut does not mean that the path to a rate cut in November is closed.
"Nothing is decided yet. It is not the case that if we cut now, we will not cut in November, or if we cut now, we will also cut in November. (...) I cannot say anything about November," said Glapinski.
"We are analysing the data that is coming in, we are working on the projection that will be before the decision, and then we will see what our opinion is. I hope that external factors will not change," he added.
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