Polish central bank maintains stance on interest rates amid inflation concerns

Investing.com — Joanna Tyrowicz, a central banker in Poland, has reiterated her stance against interest rate cuts, citing the ongoing surpassing of the inflation target as the reason.

Speaking on private radio station Tok FM on Thursday, Tyrowicz underscored that the current inflation rate is not aligned with the target, hence the decision not to reduce interest rates.

Tyrowicz, who is known for her hawkish views on the Monetary Policy Council (MPC), stated that there are no valid reasons for rate cuts at this time. She added that the council’s primary focus is not to bring inflation down to the target, but rather to manage it effectively.

In addition to her comments on interest rates, Tyrowicz also touched on the potential impact of the new U.S. administration’s economic decisions on Poland. She stated that these decisions should not directly affect Poland’s economic situation.

Tyrowicz emphasized the significance of the economic health of Poland’s global trading partners, particularly those in Europe, on the country’s economy.

She warned that any negative consequences experienced by these partners due to changes in economic policy could indirectly impact Poland’s economy.

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