Prime Minister: There is an opportunity for interest rate cuts in the fourth quarter of this year
Prime Minister Mateusz Morawiecki said in an interview that if there are no completely exceptional circumstances, such as another major energy crisis, inflation will fall until the end of the year and there is hope for a cut in interest rates in the last quarter of this year. for Polish Radio 24 and the first program of Polish Radio.
On Friday, the head of government was asked, among other things, about NBP policy. “I believe that many languages must now be swallowed up on the side of the opposition. Many harsh words have been canceled and certainly all the predictions made by the NBP, but also by many other centres, have been recognized,” the prime minister said.
He noted that many people questioned these predictions. “There was a suspicion that inflation would continue to rise this year. Meanwhile, it has been declining for two months now. And unless there are some completely exceptional circumstances, like another major energy crisis, which I don’t expect on that scale. It’s the same as last year ( …) Unless such phenomena occur, inflation will actually fall until the end of the year and there is hope for a cut in interest rates in the last quarter of this year, Mateusz Moravicki said.
On May 15, the Central Bureau of Statistics reported the prices of consumer goods and services in April this year. They increased by 14.7% year-on-year, and by 0.7% compared to the previous month. “The reading was consistent with the GUS flash estimate” – the office noted.