WARSAW, April 3 (Xinhua) -- Inflation in the coming quarters may be lower than previously expected, the Polish Monetary Policy Council (RPP) said in a statement on Wednesday.

The RPP, a body of Poland's central bank, concluded its two-day meeting and decided to keep the reference rate unchanged at 5.75 percent. The lombard rate and deposit rate were also left unchanged at 6.25 percent and 5.25 percent, respectively.

According to the National Bank of Poland (NBP), available data suggest that economic activity in the first quarter of 2025 was likely weaker than expected and comparable to that recorded in the final quarter of 2024.

The RPP noted that the inflation outlook had improved, citing lower-than-expected figures from the Central Statistical Office for the early months of the year.

A preliminary estimate by the Central Statistical Office shows that inflation stood at 4.9 percent in March - the same as in February and the revised figure for January, following adjustments to the inflation basket.

The last time the RPP cut interest rates was in October 2023. Enditem

Related

Go to Forum >>0 Comment(s)