The MPC begins a year from leaving his feet with no changes – the Banker

the Year inflation of good will back to our country, the Monetary Policy Council started a to leave interest rates unchanged. It will come when the decision depends only on the rate of growth of prices and state of the Polish economy.

in Accordance with the decision of the MPC that the base rate in Poland continues to be so it will be 1,5%, the Lombard 2,5%, Deposit 0.5%, and redyskontowa bills of 1.75%. Feet interest rates are currently at their lowest level in history. Previously, the Board, in the old staff, put them in March 2015. This means that we live in the longest in the history of the period of stabilization of interest rates puts MPC.

Today, the course of MPC is not surprising. Economists and investors widely they expect the rate hike cycle will start only at the beginning 2018. If it turned out, however, that in the second half of the year, inflation as the CPI, as the base – much will grow, and the index will be clear in the area below the NBP inflation (of 2.5% +/- 1 percentage point) and economic growth – for example, due to the launch of investments, which recent quarters, dragged down

the dynamics of GDP is also significantly faster, it is about changing feet, I guess, starts to speak, also in the second half of 2017.

At 16.00 there will be a press conference with the participation of Adam Glapińskiego and two other members of the Monetary Policy Council. The President, of course, is the question of annotated GOOSE the return of the inflation rate or review optimistic signals from the Polish economy.

Michael Żuławiński

Extensive relationship with the conference, we will publish upon its completion.