Poland’s rate council approves monetary policy assumptions for 2016, retains CPI target

Poland’s Monetary Policy Council approved monetary policy assumptions for 2016, with retained inflation target at 2.5%, rate setter Elzbieta Chojna-Duch told PAP.

“The MPC approved monetary policy assumptions for the next year,” Chojna-Duch said. “Implementation of assumptions has to date been successful, so continuing it in uncertain external environment will support achieving inflation stabilization mid-term, will secure confidence among investors on the financial market and will support economic growth,” she said. The council is not concerned with current deflation, especially that its scale will be egging and CPI may reach positive territory still this year, the rate setter said.

Poland’s deflation eased to 0.6% in August from 0.7% in July, Tuesday data from stats office GUS showed.

jba/ nik/ mbn/

Share this post