According to the head of the national BANK, all MPC members agree that the best current strategy, if we are talking about the possible change in interest rates in Poland is the strategy of waiting and observation of behavior in the economy.
“while we all wait and see is the best strategy. We are seeing what is. We conjecture that such analyses are not correct and there is no opposing analyses that it will be done so that inflation will rise slightly, and somewhere in there (…) the dynamics of price growth stop and falls, and will until the end of the year to maintain. If that were the case, I was told over the maintenance of feet,” said PAP quoted Glapiński.
the President of the NBP, he added that interest rates “some time” can be real (inflation – ed.) is negative . “We are some time later to find the negative legs really, but krótkookresowo (…). We’re not sure how it will be, or maybe we can be above 1.5 percent. (the inflation – ed.) or not. Rather, I think not, but it can happen that will be higher, but for a while. We’re talking about a few months and then we anticipate that we will have stability,” he added.
following the meeting of the Board it was written that the risk of “exceeding the inflation target is a small” that was a long time ago not used formula and a clear indication that interest rates in the near future will not be changed.
In December, the inflation rate in Poland is calculated at an annual rate was 0.8 per cent., and inflation target of MPC is 2.5 percent.
Yes Glapiński, as some MPC members found, however, that small reflection of inflation in this year will happen, but only because more expensive oil. “We assume that we will move to a higher floor, on the growth of oil prices to $ 55 per barrel and then it stabiliziruemost,” said Glapiński.
GDP and investment growth
the Head of the NBP, in addition, predicts that GDP growth this year will be close to 3.5-3.6 percent., but investment stronger reflection can occur in the first quarter or second quarter of 2017, and in the worst case in the middle of the year.
“, Then the acceleration will be dynamic, large. For the full year we will have a 3.5-3.6 percent., very close to the potential path of sustainable growth,” he said.
Recent reduction in interest rates (50 basis points), there were March 2015. Then the MPC announced that this decision means the end of a cycle of easing monetary policy. According to most analysts, another decision of the Council will increase. They expect him to come to her And kW. 2018.
No comments:
Post a Comment