Reuters logo
Poland's Glapinski reiterates rates may stay flat by end of 2018
May 17, 2017 / 3:01 PM / in 5 months

Poland's Glapinski reiterates rates may stay flat by end of 2018

WARSAW, May 17 (Reuters) - Poland’s central bank may not need to raise interest rates from their current all-time lows even by the end of 2018, the bank’s Governor Adam Glapinski said on Wednesday.

“In my opinion even by the end of 2018 there may not be a need for an interest rate hike if inflation will at a level at which it is forecast,” he told a news conference.

Glapinski also said the central bank currently expects inflation to remain at about 2 percent - below the bank’s 2.5 percent inflation target - for a “longer” period of time. (Reporting by Pawel Sobczak and Bartosz Chmielewski; Writing by Marcin Goettig; Editing by Lidia Kelly)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below